— Q Levels Trading | Coffee With Q ☕
VIP Content - Enter Email to Unlock
This content is exclusive to IKIGAI VIP members. Enter your registered email below to access the full EDGE analysis.
Not a VIP yet? Join IKIGAI Trading Academy
☕ SPY ZERO DTE February 24, 2026 EDGE News – VIP LEVELS
Price rejected at the flip zone and slid back down. Now we’re at 682.60 — deep in bear territory.
The entire chart below 689 is BLOOD RED.
- Net exposure: -125M
- #1 Strike: 685 (45.3M) — NEGATIVE
- #2 Strike: 684 (28.1M) — NEGATIVE
- #1 AND #2 are BOTH NEGATIVE = Bears have full control
This is not a “buy the dip” situation. This is respect-the-trend territory.
When the chart is this red and #1 and #2 are both pulling DOWN, Market Makers ADD GAS to the downside. Don’t stand in front of that train.
Wait for structure. Wait for reclaim. Or stay on the sidelines.
☕ Also read the PRE-MARKET update in your VIP room.
Q wakes up at 4 AM, reads futures, scans other markets, and posts the pre-market tactical summary. That’s where the LIVE context lives. This newsletter is the ROADMAP. The pre-market is the WEATHER REPORT.
Use both. Or fly blind.
⚖️ 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
Follow the education.
🚨 THE 5-MINUTE RULE (YOU’RE DOING IT WRONG)
WRONG: “Price hits 685, I wait 5 minutes, then I enter.”
RIGHT: “Price hits 685, 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 minutes is not a timer to enter. It’s a FILTER to see if the level is real.
| What You See | What It Means | What You Do |
| Price hits 685, immediately reverses | Level rejected, no hold | NO TRADE – wait |
| Price hits 685, chops around for 3 min, falls back | Failed to hold | NO TRADE – wait |
| Price breaks 685, holds above for 5+ min, structure confirms | Level accepted as support | NOW check your 6 points for entry |
The 5-minute hold is CONFIRMATION, not a green light.
⚙️ Q ALGO™ TIMEFRAME PRESSURE
Draw these 3 lines on your chart:
| Line | Value | Color | Meaning |
| MM Flip | 689 | 🟠 Orange | Above = Bulls in control. Below = Bears in control. |
| MM Ceiling | 692 | 🔴 Red | Break + hold above = See structure for LONG |
| MM Floor | 680 | 🟢 Green | Break + hold below = See structure for SHORT |
📍 TODAY: Price at 682.60 = 6.52 pts BELOW Flip = 🐻🐻 DEEP BEAR COUNTY
Chart is RED from 689 all the way down. Max Pain at 685 is above us — slight upward pull, but we’re deep in negative territory.
📊 YOUR LEVELS
TradingView String (Copy & Paste):
693,690,692,682.60,685,689.12,679,680,685,685
How to use: Paste into IKIGAI Master QZ Structure indicator.
Options Flow (Strike, Calls, Puts):
693, 7.5K, 0
692, 6.8K, 0
690, 4.5K, 1.6K
689, 2.6K, 2.3K
687, 2K, 1.9K
686, 2K, 2.5K
685, 2.4K, 9.3K
684, 1.3K, 5.5K
683, 2K, 3.3K
682, 1.4K, 3.1K
681, 1.4K, 4.7K
680, 1.2K, 5.4K
679, 1K, 4.4K
Look at the flow 👆 — Puts DOMINATE from 685 down. Calls only show up at 690+. This is a one-sided battlefield. Bears are in control.
🎯 WHAT THIS MEANS
DEEP BEAR TERRITORY — BOTH MAGNETS PULLING DOWN
- #1 Strike: 685 (45.3M) – NEGATIVE — pulling DOWN
- #2 Strike: 684 (28.1M) – NEGATIVE — pulling DOWN
- #1 AND #2 are BOTH NEGATIVE = Strong bear trend likely to continue
Price at 682.60. We’re BELOW both top magnets. They’re pulling us back UP toward 685… but we’re also sitting on 680 floor.
Max Pain at 685 = 2.4 pts above. Could see a drift up toward this level.
Net Exposure: -125M = Market Makers are positioned for continued downside movement.
The setup is bearish. Bulls need to reclaim 685 AND 689 to change the narrative.
🐂 LONG LEVELS (See Structure for Long)
| Level | Name | MM Exposure | What Must Happen |
| 685 | #1 Monster / Max Pain | 45.3M | Reclaim + hold 5 min + structure confirms |
| 689 | Flip Zone | — | After 685 holds, next hurdle |
| 690 | P2 | 4.5M | After 689 clears, bulls get help |
| 692 | P1 / Ceiling | 5M | After 690 holds, extension |
⚠️ DO NOT buy just because “it’s oversold” or “it’s near support.” ✅ DO wait for reclaim of 685 + hold + structure (all 6 points).
NOTE: Long trades are COUNTER-TREND. Higher risk. Bears have control.
🐻 SHORT LEVELS (See Structure for Short)
| Level | Name | MM Exposure | What Must Happen |
| 680 | N3 / Floor | -16.5M | Break below + hold 5 min + structure confirms |
| 679 | Extension | -19.9M | After 680 breaks, next target |
| 675 | Deep Support | — | After 679 breaks, next target |
⚠️ DO NOT short just because chart is red. ✅ DO wait for break + hold + structure (all 6 points).
☕ NO TRADE ZONE
| Zone | Why No Trade |
| 681-684 | Between Floor (680) and Monster (685). Chop zone. This is where the enemy cooks you 🍳 |
What to do: Wait for price to reclaim 685 (bullish attempt) OR break below 680 (bearish continuation), then check ALL 6 structure points.
📊 SIMPLE DECISION TABLE
| Price Location | What To Do |
| Above 689 (reclaim + holding) | See structure for LONG — bulls take control |
| At 685-688 | Testing Monster zone — reclaim or reject? |
| Between 681-684 | ☕ WE ARE HERE — CHOP ZONE |
| At 680 | Decision point — bounce or break? |
| Below 680 (and holding) | See structure for SHORT toward 675 |
🔥 TUESDAY FACTOR
| Monday | Tuesday |
| Testing Flip at 689 | Rejected, now at 682.60 |
| Decision day | Bears won the decision |
| Waiting for clearance | Clearance DENIED |
Key question: Do we bounce off 680-682 back toward Max Pain (685)? Or do we break 680 and continue the slide?
#1 and #2 BOTH NEGATIVE = Trend is DOWN until proven otherwise.
⚖️ 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 ☕🐻🐻