☕ SPY ZERO DTE May 6, 2026 EDGE News – VIP LEVELS
✈️ PRE-FLIGHT CHECKLIST — CHARTS MUST BE READY
If your charts are not ready, we can’t offer tech support during Sortie. Contact @Kat L after if needed.
5 Min Chart:
- Seafire With Recon
- QVDD
- Candle Control
- MAGNETS (With Pivots ON)
15 Min Chart:
- Seafire With Recon
- Candle Control
1 Min Chart:
- Seafire — Enable: A, B, C, E, F, G, H
- DDSAFE ON
- Flying Saucers On
PLUS:
- QVDD++
- QZ VSA 10.0
- QZ FLOW 10.0 SM
EVERYONE SHOULD BUILD THEIR OWN SCREEN AND ADD ALGOS AS THEY DESIRE TO WHAT WORKS FOR YOU. JUST BECAUSE WHAT WORKS FOR Q, GARY AND OTHER TRADERS DOES NOT MEAN IT’S SAME SIZE FIT ALL.
— Q ☕
📋 SUMMARY: WHAT TO WATCH
| Price Action |
Significance |
Expected Move |
| Reclaim above 725.04 HH |
Bulls extend, HL crack ignored |
Path to 726 → 728 bull cluster |
| Hold 723 next HL |
Daddy Bull magnet (+14M) defends |
Bounce back toward 725 |
| Lose 723 with 5-min hold below |
HL fails — confirms LL |
Drop to 720 (Daddy Bear -8.5M + #1 abs) |
| Lose 720 Daddy Bear |
Bull breakout fails completely |
Trapdoor opens to 715 LL → 710 |
| Above 728 |
Clear top of bull cluster |
Open air — momentum extension only |
📌 Friends, Traders, and Newbies…
Lend me your eyes! Tuesday delivered a clinic — bears looked dominant on paper but the Flip held at 717.04 and bulls ran +7.16 pts to close 724.92. The board flipped HARD overnight. Bulls now hold +39.1M vs bears -18.2M = 2.15:1 bulls. The bull cluster migrated UP to 723/726/728 (Daddy Bull at 723 +14M, Mama Bull at 728 +13.8M, Baby Bull at 726 +11.3M). Bears collapsed to small numbers: Daddy at 720 (-8.5M), Mama at 719 (-5.1M), Baby way down at 710 (-4.6M). Spot 724.92 sits 8.36 pts ABOVE the Flip at 716.56 — biggest cushion since May 1’s green wall. BUT — the day’s HL at 724.10 just cracked, and price closed below it. Next HL is 723 (which is also Daddy Bull magnet). LL is 715.
SPY: 724.92 Closed | Max Pain: 718 | Flip: 716.56
👆 Reclaim 725.04 HH → Bulls extend, magnet to 726 → 728 cluster
👇 Lose 723 (next HL + Daddy Bull) → Path opens to 720 Daddy Bear → 715 LL
💡 WHY MAX PAIN MATTERS FOR ZERO DTE
Max Pain is the strike where option sellers (Market Makers) lose the LEAST money at expiration.
For Zero DTE, this is critical because:
- Options expire TODAY — no more time to wait
- MMs will push price toward Max Pain to minimize their payout
- The closer we get to 4:00 PM, the stronger the Max Pain magnet becomes
- Today’s Max Pain = 718 — sitting 6.92 pts BELOW spot
Translation: Max Pain held at 718 (same as Tuesday) but price ran 7+ pts above it. That’s a healthy gap and means MMs would prefer price drift back DOWN toward 718. Combined with the cracked HL at 724.10, there’s afternoon gravity risk if bulls can’t reclaim 725.04 HH. The 723 Daddy Bull is the line in the sand — defend that and Max Pain pressure stays muted. Lose it, and 720/718 becomes the magnet.
🧭 STRUCTURE CHECK — Tuesday Close
5 Min Structure (Bullish but HL CRACKED):
| Structure |
Level |
Status |
| HH (Day) |
725.04 |
🔑 Reclaim = bulls extend |
| HL (Day) |
724.10 |
❌ JUST BROKEN — price closed 724.92, dipped below intraday |
| Next HL |
723 |
🔑 + Daddy Bull (+14M) — must hold |
| LL |
715 |
Last bull defense before structure flips fully bearish |
Q ALGO™ Status: HH/HL framework intact but HL just cracked — 🔄 MICRO-SHIFT INSIDE BULL FRAMEWORK
What this means: Tuesday’s tape made HH 725.04 and HL 724.10. Late session broke the HL. Next HL down is 723 — which happens to be the Daddy Bull magnet (+14M). That’s a confluence floor. As long as 723 holds, bulls own the bigger framework. Lose 723 = micro-LL confirmed = next stop is 720 Daddy Bear (-8.5M + #1 absolute strike). Below 720 = open air to 715 LL.
Q ALGO™ Status:
- Price ABOVE Flip 716.56 = BULLS CONFIRMED 🟢 (8.36 pts cushion — biggest since May 1)
- 5m structure = HH/HL framework intact, but HL just cracked = 🔄 micro-shift
- #1 abs (720) negative, #2 abs (723) positive = MIXED — chop zone is 720–723
- Bull ratio 2.15:1 = bulls dominate exposure
THE READ: Bulls own the day but the 723 line is everything. Spot at 724.92 sits just ABOVE the chop zone (720–723 between Abs #1 and #2). Above 725.04 HH = bulls in the open air with magnets at 726 and 728 pulling. Below 723 = back into chop zone, then 720 trapdoor. The bull cluster (723/726/728) is solid (+39.1M combined). The bear cluster (720/719/710) is weak (-18.2M combined). This is a BUY-THE-DIP setup as long as 723 holds.
🚨 BULL MIGRATION TRACKER
The bulls climbed UP and got LOUDER:
| Date |
Daddy Bull |
Mama Bull |
Baby Bull |
Note |
| May 5 |
723 (+5.5M) |
721 (+5.2M) |
722 (+5.1M) |
Tight cluster, small size |
| May 6 |
723 (+14M) |
728 (+13.8M) |
726 (+11.3M) |
🐂 Daddy held strike, doubled in size — Mama jumped to 728 |
Note: Daddy Bull stayed at 723 but grew from +5.5M → +14M (2.5x). Mama jumped UP from 721 to 728. This is a STAIR climb pattern — the market built a bull ladder above current price.
📊 DECISION TABLE
| Level |
What It Is |
Action |
| 730 |
Extended bull target |
Beyond cluster — momentum only |
| 728 |
🔑 B2 / MAMA BULL (+13.8M) |
Top of bull ladder |
| 726 |
B3 / Baby Bull (+11.3M) |
Middle of bull ladder |
| 725.04 |
5m HH (Day) 🔑 |
Reclaim = bull extension toward 726/728 |
| 724.92 |
☕ WE ARE HERE |
— |
| 724.10 |
5m HL (Broken) |
❌ Already lost — watch as resistance |
| 723 |
🔑 B1 / DADDY BULL (+14M) + #2 ABS + Next HL |
🎯 Pivot of the day — must hold |
| 722 |
OI heavy zone |
Stair down |
| 720 |
👹 S1 / DADDY BEAR (-8.5M) + #1 ABS GEX |
First bear shelf — major support |
| 719 |
S2 / Mama Bear (-5.1M) |
Bear stair |
| 718 |
💊 MAX PAIN |
6.92 pts below — moderate pull |
| 716.56 |
🟠 FLIP |
8.36 pts below — biggest cushion in weeks |
| 715 |
5m LL 🔑 |
Loss = full bearish flip |
| 710 |
S3 / Baby Bear (-4.6M) |
Deep bear target |
⚠️ LEVELS = YOUR EDGE
No levels = No trade.
These levels MUST be read with:
- ☕ Morning PRE-MARKET briefing
- 🧭 Structure (HH/HL or LH/LL)
- 📊 All 6 structure points
Levels alone don’t tell you to buy or sell. They tell you WHERE to watch.
☕ Also read the PRE-MARKET update in your VIP room.
⚖️ DISCLAIMER – READ FIRST
This is not investment advisory. I’m not calling trades. I’m teaching you to think. These levels are NOT buy/sell signals. Trading involves substantial risk of loss. If you can’t afford to lose, don’t trade. No guarantees. Full disclaimer at bottom.
📋 To Be Fair to All:
- Do not post your trades publicly — only share with Gary or Q confidentially.
- The levels are key levels, but price can always change — no one controls the market. No crystal ball. No guarantees.
- We will post the tape after the fact — to avoid any misunderstanding during live calls.
- IF you create a student zoom room and you are bringing in paid members you are supposed to take permission. IKIGAI, Q or G and our associates and undertakings are not liable in any manner whatsoever directly or indirectly. Please review your agreement.
- We will not cherry pick. You will see the good, the bad, and the ugly.
- We’ll continue doing weekly calls to help you maintain clarity with structure.
🚨 WHAT ARE Q LEVELS? (READ THIS OR LOSE MONEY)
Q Levels are NOT support and resistance.
Q Levels are strikes where Market Makers who are EXPOSED will HEDGE. When price reaches these levels, MM activity creates reactions — but that does NOT mean you enter a trade.
Q Levels are 1 of 6 structure points. You need ALL 6 to make a trade decision:
| # |
Structure Point |
What It Tells You |
| 1 |
Q Levels (Exposure) |
Where MMs are exposed and will hedge |
| 2 |
Liquidity Zones |
Where stops are sitting (LQ Green / LQ Red) |
| 3 |
Market Structure |
CHoCH, BOS, Higher Highs, Lower Lows |
| 4 |
Volume |
Is money flowing in or out? |
| 5 |
Time |
Opening range, power hour, lunch chop |
| 6 |
POI Confluence |
Do multiple points align? |
❌ Q Levels alone = You will lose money ✅ Q Levels + 5 other structure points = You have an edge
🚨 THE 5-MINUTE RULE
WRONG: “Price hits 723, I wait 5 minutes, then I enter.”
RIGHT: “Price hits 723, I watch if it HOLDS above/below for 5+ minutes while checking structure. If it holds AND structure confirms, THEN I look for an entry.”
The 5-minute hold is CONFIRMATION, not a green light.
⚙️ Q ALGO™ TIMEFRAME PRESSURE
| Line |
Value |
Color |
Meaning |
| MM Flip |
716.56 |
🟠 Orange |
Above = Bulls. Below = Bears. 8.36 pts below price — biggest cushion since May 1 |
| MM Ceiling |
728 |
🔴 Red |
Mama Bull magnet — break + hold above = open air |
| MM Floor |
720 |
🟢 Green |
Daddy Bear + #1 abs — break + hold below = trapdoor to 715 |
📍 TODAY: Price at 724.92 = 8.36 pts ABOVE Flip = BULLS CONFIRMED 🟢🟢
🟢 CHART IS GREEN. Tuesday flipped the script — bulls cleared 720 baby bear and ran to 725. The bull cluster regrouped UP at 723/726/728 (+39.1M combined). Bears collapsed to a weak -18.2M total. Ratio is 2.15:1 bulls. Flip cushion is 8.36 pts — strongest in 3 sessions. The micro-watch is the cracked HL at 724.10 and the next HL at 723. As long as 723 holds, bulls own this. The bull cluster is a stair pattern — 723 → 726 → 728 — built for a grind-up day. The only risk is a chop-zone fade (720–723) if afternoon Max Pain gravity at 718 drags price back in.
📊 YOUR LEVELS
SPY TradingView String (Copy & Paste):
726,728,723,724.92,718,716.56,710,719,720,720
SPX TradingView String (Copy & Paste):
7260,7280,7230,7249.2,7180,7165.6,7100,7190,7200,7200
Options Flow (Strike, Calls, Puts):
725, 66K, 0
723, 51.4K, 67.7K
722, 27.9K, 61.4K
720, 0, 53K
719, 0, 13.8K
710, 0, 36.5K
🎯 THE THREE BEARS / THREE BULLS
THE THREE BULLS (LONG LEVELS):
| Bull |
Strike |
MM Exposure |
| B1 = DADDY |
723 |
+14M 🐂 |
| B2 = MAMA |
728 |
+13.8M 🐂 |
| B3 = BABY |
726 |
+11.3M 🐂 |
THE THREE BEARS (SHORT LEVELS):
| Bear |
Strike |
MM Exposure |
| S1 = DADDY |
720 |
-8.5M 👹 |
| S2 = MAMA |
719 |
-5.1M 🐻 |
| S3 = BABY |
710 |
-4.6M 🧸 |
🟢 BULLS DOMINATE. +39.1M bulls vs -18.2M bears. Ratio = 2.15:1 bulls. Board flipped cleanly from Tuesday’s bear lean.
☕ RANGE ZONE
| Zone |
Why |
| 723 – 725.04 |
Bull defense zone — Daddy Bull (723) anchors the floor, HH (725.04) is the ceiling. First to break sets direction. |
| 720 – 723 |
Chop zone between Abs #1 (720) and #2 (723) — per GEX rule, trend hard to form here. Fade extremes. |
🔥 WEDNESDAY FACTOR
| Tuesday (May 5) |
Wednesday (May 6) |
| Spot: 717.76 |
Spot: 724.92 (+7.16 pts — BIG BULL DAY) |
| Flip: 717.04 (cushion +0.72) |
Flip: 716.56 (cushion +8.36) — 11.6x bigger |
| Bear ratio 2.17:1 |
Bull ratio 2.15:1 — board flipped sides |
| Daddy Bear 704 (-13.8M) |
Daddy Bear 720 (-8.5M) — bears collapsed and migrated UP |
| Mama Bear 710 (-10.4M) |
Mama Bear 719 (-5.1M) — half the size |
| Baby Bear 720 (-10.1M) |
Baby Bear 710 (-4.6M) — migrated DOWN, smaller |
| Bull cluster +15.8M |
Bull cluster +39.1M — bulls 2.5x bigger |
| Daddy Bull 723 (+5.5M) |
Daddy Bull 723 (+14M) — held strike, 2.5x stronger |
| Max Pain 718 |
Max Pain 718 (unchanged) |
| Structure SHIFTING (LH 718.22 / HL 716.83) |
HH/HL framework intact but HL 724.10 cracked |
| Knife edge |
Strong cushion |
Tuesday looked bearish on paper but the Flip held and bulls ran +7.16 pts. Wednesday opens with bulls fully in control of exposure (2.15:1) — but the micro-tape just cracked the day’s HL at 724.10. The Daddy Bull at 723 is now the pivot. If 723 defends, this is a classic dip-and-grind setup. If 723 fails, the chop zone (720–723) opens and 720 Daddy Bear becomes the next test. The bull ladder above (723 → 726 → 728) is built for upside extension if HH 725.04 reclaims.
THE FULL SERIES:
| Session |
Ratio |
Flip Cushion |
Structure |
Board Read |
| Apr 16 |
14:1 bulls |
Well above |
— |
Green wall |
| Apr 17 |
23.6:1 bulls |
Well above |
BEARISH |
Monster bull — structure conflicted |
| Apr 20 |
5.4:1 bulls |
Above |
BEARISH |
Bulls fading |
| Apr 21 |
1.36:1 bulls |
Above (barely) |
CHOP |
Bears waking up |
| Apr 22 |
1.05:1 (even) |
Above (barely) |
SHIFTING |
Red wall — bears arrived |
| Apr 23 |
3.36:1 bulls |
Above (0.45 pts) |
— |
Knife-edge |
| Apr 24 |
3.84:1 BEARS |
BELOW ❌ |
SHIFTING |
Flip lost |
| Apr 28 |
2.32:1 bulls |
Above (+6.09 pts) |
BULLISH |
Recovery — alignment restored |
| Apr 29 |
7.29:1 BEARS |
Above (+1.01 pts) |
BULLISH |
710 monster |
| Apr 30 |
1.25:1 bulls |
Above (+3.84 pts) |
SHIFTING |
Alignment without confirmation |
| May 1 |
10.47:1 bulls |
Above (+9.42 pts) |
BULLISH |
Green wall returns |
| May 4 |
1.07:1 bulls |
Above (+4.53 pts) |
SHIFTING |
Mixed — slight bull edge, monster 710 bear |
| May 5 |
2.17:1 BEARS (on paper) |
Above (+0.72 pts) |
SHIFTING |
Knife edge — Flip held, bulls ran +7.16 pts |
| May 6 |
2.15:1 bulls |
Above (+8.36 pts) |
HH/HL (HL cracked) |
Bulls reclaim — bull ladder 723/726/728 |
🎯 WE DON’T TRADE EMOTIONS — WE LOOK FOR CLUES
The Q ALGO™ Checklist:
| Step |
What We Check |
| 1 |
LEVELS (from newsletter) |
| 2 |
15-Min chart |
| 3 |
5-Min chart |
| 4 |
1-Min chart |
| 5 |
BANDS |
| 6 |
River |
| 7 |
Volume Line (Fair Value) |
| 8 |
Candle for Entry |
| 9 |
Flip Line |
| 10 |
Trend Context (Trend Engine) |
| 11 |
Pivots |
| 12 |
LQ Areas |
| 13 |
Entry Candle |
| 14 |
Flow |
| 15 |
VSA + QVDD |
Not all checklist items need to align = build your edge based on your own edge.
DAVID’S CORNER — Print This Page
TACTICAL LEVELS
| Level |
What It Is |
Action |
Pre-Market Notes |
| 730 |
Extended target |
Beyond bull cluster — momentum only |
|
| 728 |
B2 / MAMA BULL (+13.8M) |
Top of bull ladder |
|
| 726 |
B3 / Baby Bull (+11.3M) |
Middle of bull ladder |
|
| 725.04 |
5m HH (Day) |
Reclaim = bull extension |
|
| 724.92 |
WE ARE HERE |
— |
|
| 724.10 |
5m HL (Broken) |
Already lost — watch as resistance |
|
| 723 |
B1 / DADDY BULL (+14M) + Next HL |
Pivot of the day — must hold |
|
| 722 |
OI heavy zone |
Stair down |
|
| 720 |
S1 / DADDY BEAR (-8.5M) + #1 ABS |
Major support — chop zone top |
|
| 719 |
S2 / Mama Bear (-5.1M) |
Bear stair |
|
| 718 |
MAX PAIN |
6.92 pts below — moderate pull |
|
| 716.56 |
FLIP |
8.36 pts below — biggest cushion in weeks |
|
| 715 |
5m LL |
Loss = full bearish flip |
|
| 710 |
S3 / Baby Bear (-4.6M) |
Deep bear target |
|
⚖️ DISCLAIMER
This is not investment advisory. I’m not calling trades. I’m teaching you to think. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The IKIGAI Algo and any associated indicators, tools, or educational materials are provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. You should consult with a qualified financial advisor before making any trading decisions. Q Levels and affiliated parties are not registered investment advisors, broker-dealers, or financial planners. By participation, you acknowledge you are solely responsible for your own trading decisions and any resulting gains or losses. No guarantees of profit or specific results are made or implied. All sales are final. Please trade responsibly and only risk capital you can afford to lose.
— Q Levels Trading | Coffee With Q ☕🟢
