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☕ SPY ZERO DTE February 27, 2026 EDGE News
From 694 to 685.95. That’s an 8-point nosedive.
The chart has FLIPPED BLOOD RED. Look at that 690 strike — -294.3M negative exposure. That’s a MONSTER.
- #1 Strike: 690 (413.9M) – NEGATIVE — MASSIVE GRAVITY
- #2 Strike: 685 (142.4M) – NEGATIVE — WE ARE HERE
- #1 AND #2 are BOTH NEGATIVE = Bears have FULL control
This is not a dip to buy. This is a trend to respect.
When negative is this extreme, Market Makers ADD GAS to the downside. Every tick lower triggers more selling. It’s a cascade.
☕ 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 690, I wait 5 minutes, then I enter.”
RIGHT: “Price hits 690, 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 690, immediately reverses | Level rejected, no hold | NO TRADE – wait |
| Price hits 690, chops around for 3 min, falls back | Failed to hold | NO TRADE – wait |
| Price breaks 690, 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 | 693 | 🟠 Orange | Above = Bulls in control. Below = Bears in control. |
| MM Ceiling | 695 | 🔴 Red | Break + hold above = See structure for LONG |
| MM Floor | 680 | 🟢 Green | Break + hold below = See structure for SHORT |
📍 TODAY: Price at 685.95 = 6.77 pts BELOW Flip = 🐻🐻🐻 DEEP BEAR COUNTY
The 690 strike has -294.3M negative exposure — the biggest we’ve seen. This is a MONSTER gravity well.
📊 YOUR LEVELS
TradingView String (Copy & Paste):
696,697,695,685.95,690,692.72,680,685,690,690
How to use: Paste into IKIGAI Master QZ Structure indicator.
Options Flow (Strike, Calls, Puts):
697, 17.4K, 0
696, 11.3K, 0
695, 12.6K, 4.9K
693, 6.8K, 4.6K
692, 5.1K, 7.1K
691, 4.7K, 4.8K
690, 11.3K, 66.9K
688, 3.9K, 8.3K
687, 3.5K, 9.2K
686, 2.6K, 6.1K
685, 7.7K, 33K
680, 3.3K, 53.8K
Look at the flow 👆 — MASSIVE PUT WALLS at 690 (66.9K) and 685 (33K) and 680 (53.8K). Calls only show up at 695+. This is a battlefield owned by bears.
🎯 WHAT THIS MEANS
MONSTER NEGATIVE BEARS OWN THIS TAPE
- #1 Strike: 690 (413.9M) – NEGATIVE — MONSTER GRAVITY
- #2 Strike: 685 (142.4M) – NEGATIVE — WE ARE HERE
- #1 AND #2 are BOTH NEGATIVE = Extreme bearish structure
Price at 685.95. We’re sitting RIGHT ON the #2 magnet (685).
Max Pain at 690 = 4 pts above. Friday normally pulls toward Max Pain… but the negative gamma at 690 is SO massive, it might act as a ceiling instead of a magnet.
The math: If we push toward 690, MMs who are short gamma have to SELL to hedge. That creates resistance, not support.
🐂 LONG LEVELS (See Structure for Long)
| Level | Name | MM Exposure | What Must Happen |
| 690 | #1 Monster | -294.3M | Reclaim + hold 5 min + structure confirms |
| 693 | Flip Zone | — | After 690 holds, next hurdle |
| 695 | P1 / Ceiling | 20.8M | After 693 clears, bulls get help |
⚠️ DO NOT buy just because “it’s oversold” or “it’s at support.” ✅ DO wait for reclaim of 690 + hold + structure (all 6 points).
NOTE: Long trades are EXTREMELY COUNTER-TREND. Highest risk. The gamma is against you.
🐻 SHORT LEVELS (See Structure for Short)
| Level | Name | MM Exposure | What Must Happen |
| 685 | #2 Giant | -88.8M | Break below + hold 5 min + structure confirms |
| 680 | N3 / Floor | -88.1M | After 685 breaks, next target |
| 675 | Extension | — | After 680 breaks, next target |
⚠️ DO NOT short just because chart is red. ✅ DO wait for break + hold + structure (all 6 points).
☕ RANGE
| Zone | Why No Trade |
| 686-689 | Between current price and Monster (690). Dangerous chop. This is where the enemy cooks you 🍳 |
What to do: Wait for price to reclaim 690 (bullish — unlikely given the gamma) OR break below 685 (bearish continuation), then check ALL 6 structure points.
📊 SIMPLE DECISION TABLE
| Price Location | What To Do |
| Above 693 (reclaim + holding) | See structure for LONG — bulls fight back |
| At 690 | Decision point — Monster resistance or reclaim? |
| Between 686-689 | ☕ CHOP ZONE — dangerous |
| At 685 | ⚡ WE ARE HERE — #2 Magnet |
| Below 685 (and holding) | See structure for SHORT toward 680 |
FRIDAY + MONSTER NEGATIVE = VOLATILE.
The 690 level could pin us… or it could REJECT any attempts to get there. With this much negative exposure, every push up gets sold.
The mission has changed. This is survival mode, not attack mode.
If you’re long, you’re fighting. If you’re short, respect the levels. Don’t take revenge trade.
⚖️ 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 ☕🐻🐻🐻