☕ SPY ZERO DTE (Pre-Market)
Date: Fri Aug 7, 2026 | Expiration: Aug 7, 2026
We study SPY and Trade SPX SPDR 500 ZERO DTE Index.
🎯 QZ ALGO CREED — Probability Over Prediction
We don’t forecast. We read positioning — where Market Maker exposure sits, where the walls are, and how MM is priced across strikes. That tells us where price is constrained, not where it’s going. Structure decides the trade.
📋 EXECUTIVE DASHBOARD — SPY Fri Aug 7, 2026
| Snapshot |
Value |
Read |
| Spot – EOD Close Aug 6 |
768.67 |
Basing above the LL (767) |
| Max Pain |
760 |
Magnet below |
| Flip |
761.16 |
Spot above the Flip → broad regime still supported |
| The Pivot |
770 |
#1 Absolute — dead-flat (calls ≈ puts) |
| Current |
🔴 Bearish tilt |
Bears 104M vs Bulls 78M ≈ 1.35:1 |
|
|
|
LEVEL LADDER (high → low):
| Dir |
Level |
Role |
| 🟢 ▲ |
776 / 775 / 774 |
Positive pin cluster — 775 = Daddy Bull |
| 🟢 ▲ |
772 / 771 |
Overhead battle |
| 🟡 ◆ |
770 |
#1 Absolute — dead-flat PIVOT |
| ☕ |
768.67 |
WE ARE HERE (spot) |
| 🔴 ▼ |
767 / 766 |
Negative shelf (−30.3M / −16.4M) |
| 🔴 ▼ |
762 |
Daddy Bear put wall (−57.5M) |
| 🔴 ▼ |
760 |
Max Pain — strong pull |
THE THREE PATHS:
| Path |
Trigger → Target |
| 🟢 Bullish |
Reclaim & hold 770 → 774–776 pin |
| ⚪ Neutral |
Chop 768–770 (decisive zone) |
| 🔴 Bearish |
Lose 766/767 → 762 → Max Pain 760 |
📊 TV VALUES
SPY String — paste into QZ ALGO Daily Magnets:
776,774,775,768.67,760,761.16,766,767,762,770
SPX String:
7760,7740,7750,7686.7,7600,7611.6,7660,7670,7620,7700
Options Flow — VOLUME (Strike, Calls, Puts):
775, 83K, 4K
770, 81K, 78K
765, 4K, 69K
762, 0K, 43K
Options Flow — OPEN INTEREST (Strike, Calls, Puts):
775, 20K, 3K
770, 11K, 11K
765, 12K, 13K
762, 4K, 26K
🌡️ QZ TEMPERATURE
🌡️ SPY — Level then COLOR (Sign):
767 RED (Minus)
766 RED (Minus)
765 RED (Minus)
762 RED (Minus)
760 RED (Minus)
770 GREEN (Plus)
774 GREEN (Plus)
775 GREEN (Plus)
776 GREEN (Plus)
🧭 STRUCTURE CHECK
Market Structure (15 Min):
| Structure |
Level |
Status |
| LL (Lower Low) |
~767.00 |
Session low — double-tapped |
| LH (Lower High) |
~771.00 |
Bounce high — faded |
| Current |
~768.5 |
Basing above the LL |
🎯 CONFLUENCE — 770 IS THE PIVOT, 762 IS THE WALL BELOW
📊 DECISION TABLE
| Level |
What It Is |
Action |
| 776 |
Baby Bull (+13.4M) |
Upside pin |
| 775 |
🎯 Daddy Bull (+50.6M) + Abs #6 |
Positive pin/target above |
| 774 |
Mama Bull (+13.5M) |
Pin |
| 772 |
Abs #7 (69M) |
Overhead battle |
| 771 |
Abs #8 (51.9M) |
Overhead |
| 770 |
🎯 #1 Abs (113.3M) — net flat (+0.5M) |
THE PIVOT above spot |
| 768.67 |
☕ WE ARE HERE (Spot) |
On the shelf edge |
| 767 |
👹 Mama Bear (−30.3M) + Abs #5 |
Shelf below |
| 766 |
Baby Bear (−16.4M) |
Shelf |
| 765 |
Abs #2 (101.8M) — net −7M |
Battle/support |
| 762 |
👹 Daddy Bear (−57.5M) + Abs #3 + put wall |
The wall below |
| 761.16 |
🟠 FLIP |
Regime gate below |
| 760 |
🔵 MAX PAIN + Abs #4 |
Magnet below |
🎯 THREE BEARS / THREE BULLS (by MM Exposure size)
THE THREE BEARS (Negative):
| Bear |
Strike |
MM Exposure |
OI |
Volume |
| S1 = DADDY |
762 |
−57.5M |
29.9K |
43.1K |
| S2 = MAMA |
767 |
−30.3M |
15.1K |
83.1K |
| S3 = BABY |
766 |
−16.4M |
10.4K |
57.9K |
S1 (762) is also Abs #3 + the biggest put wall — the fear cluster below.
THE THREE BULLS (Positive):
| Bull |
Strike |
MM Exposure |
OI |
Volume |
| B1 = DADDY |
775 |
+50.6M |
22.6K |
86.7K |
| B2 = MAMA |
774 |
+13.5M |
10.1K |
47.1K |
| B3 = BABY |
776 |
+13.4M |
8.5K |
42.8K |
🔴 Bearish tilt at spot. Bears 104.2M vs Bulls 77.5M ≈ 1.35:1 — and the bears sit below spot (amplify down) while the bulls sit above at 774+. The #1 Absolute (770) is dead flat right overhead, so price is balanced on the pivot: the shelf pulls down, the pin pulls up.
☕ RANGE ZONE
| Zone |
Why |
| 765 — 772 |
Spot sits on the pivot (770) between the negative shelf (762–767) and the overhead 771/772 battle. On negative exposure below, a loss of 767 runs fast toward 762/760; a reclaim of 770 opens the 774–776 pin. Trend is harder to hold inside the zone — the edges are where it moves. |
Commentary: 770 carries the highest total volume on the board (159K), with 771 (105K) and 775 (87K) behind — the whole fight is packed around the 770 pivot. Only strikes with a clean call/put split appear in the flow tables.
🎯 Q ALGO™ CHECKLIST — WE DON’T TRADE EMOTIONS, WE LOOK FOR CLUES
| Step |
What We Check |
| 1 |
LEVELS (from this 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 |
No Structure = No Trade. Not all checklist items need to align — build your edge based on your own edge. Amplification below the pivot: respect the wider swings, wait for the 770 reclaim or the 767 break.
🎁 BONUS — CONTRARIAN VIEW
The contrarian read flips it: when the crowd is heavily loaded one way, that positioning becomes fuel for the opposite move.
Contrarian takeaway: the board is put-heavy below spot — the crowd is defensively loaded into the 762 wall.
Contrarian lens: that hedging is squeeze fuel — if the 765/766 shelf holds, the puts unwind and price can pop back toward the 770 pivot and the lone call wall at 775. But 775 is where the greed sits.
contrarian fade/caution spot if price rushes into it. Net contrarian bias: lean up while 765/766 holds, distrust the move into 775. (Contrarian signals are a secondary lens — trade them only with structure confirmation, never alone.) 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. Errors and omissions excepted.
⚖️ 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. Errors and omissions excepted.
— Q Levels Trading | Coffee With Q ☕
