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 & SPX ZERO DTE May 11, 2026 EDGE News
We Welcome Batch 6 Students at 12:30 PM ET tomorrow.
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 |
|---|---|---|
| Fill 737.60 Bear FVG | Imbalance closes, bulls cleared | Magnet to 738 Mama Bull (+19.8M) → 740 Daddy |
| Reclaim above 737.95 LH | 5m LH cleared, structure shifts back to bulls | Bull continuation toward 740 |
| Hold 736.11 LL | Bearish micro contained inside bull framework | Coil and grind toward 740 |
| Lose 736.11 LL | Structure fully bearish on 5m | Pull into Bull FVG #1 at 735.45 (high-prob bounce) |
| Lose 735.45 Bull FVG | First FVG support breaks | Path to 731.90 Bull FVG (deeper) |
| Lose 726.66 Flip | Bull thesis breaks | Trapdoor — but bears are TINY (-8.6M total) |
📌 Friends, Traders, and Newbies…
Lend me your eyes! Friday was the third bull day in four sessions. SPY closed 737.82 — up +6.38 pts off Thursday’s 731.44. The 730 monster bear (-30.6M Friday) didn’t break price — it became the FLOOR. Bulls used it as a launch pad, cleared the Bear FVGs at 734.52 and 735.04, and ran to 738+. Monday opens with bulls fully back in command: 59.3M bulls vs 8.6M bears = ratio 6.90:1 BULLS. This matches May 7’s 6.97:1 deep-bull setup. The Daddy Bull migrated UP to 740 (+22M), Mama at 738 (+19.8M), Baby at 737 (+17.5M). Bears collapsed again — Daddy at 731 is only -3.1M, total bears just -8.6M. Spot 737.82 sits 11.16 pts above the Flip at 726.66 — second biggest cushion in the series. 5m structure went LH/LL (737.95 / 736.11) — bearish micro inside a bullish bigger frame. Five unfilled Bull FVGs stack below: 735.45, 731.90, 724.87, 724.77, 718.26. One Bear FVG sits at 737.60 — right at spot.
SPY: 737.82 Closed | Max Pain: 728 | Flip: 726.66
👆 Fill 737.60 Bear FVG + reclaim 737.95 LH → Magnet to 738 Mama Bull → 740 Daddy
👇 Lose 736.11 LL → 5m structure flips bearish — pull into 735.45 Bull FVG (first bounce zone)
💡 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 = 728 — sitting 9.82 pts BELOW spot
Translation: Max Pain moved UP from Friday’s 720 to 728 — chasing price up but still 9.82 pts below. It’s Monday — Max Pain gravity is at its WEAKEST early in the week. The 59.3M bull cluster above and the stacked Bull FVGs below create a structure where Max Pain has little pull. Risk only opens if 735.45 Bull FVG breaks and 731.90 doesn’t hold — then 728 could activate. Until then, trust the board.
🧭 STRUCTURE CHECK — Friday Close
5 Min Structure (Bearish Micro):
| Structure | Level | Status |
|---|---|---|
| LH | 737.95 | 🔑 Reclaim = bulls clear, shift back |
| LL | 736.11 | 🔑 Loss = structure fully bearish on 5m |
| Range | 1.84 pts | Tight bearish micro inside bull framework |
Q ALGO™ Status: LH + LL = 🔄 BEARISH MICRO INSIDE BULL FRAMEWORK — full bull bias higher timeframe
What this means: Late Friday tape gave a small bearish reversal pattern on the 5m (LH 737.95, LL 736.11). But the bigger picture is fully bullish — price is 11.16 pts above Flip, both Abs strikes are positive, and bears collapsed to -8.6M. The 5m LH/LL is a pullback INSIDE a bull move, not a trend change. Watch the 736.11 LL — if it holds, expect coil and continuation. Lose it, and the 5 stacked Bull FVGs below become dip-buy zones.
Unfilled Fair Value Gaps (FVG):
🔴 Bear FVG (UNFILLED — at price, resistance):
- 737.60 — right at spot — likely fills on any dip, then bulls extend
🟢 Bull FVGs (UNFILLED — below price, support stack):
- 735.45 — first dip target — near 5m LL
- 731.90 — second dip target — major confluence zone
- 724.87 — deeper — paired with 724.77 below
- 724.77 — deeper twin — overlaps prior Mama Bear zone
- 718.26 — deepest — only matters if Flip breaks
Q ALGO™ Status:
- Price ABOVE Flip 726.66 = BULLS DEEP CONFIRMED 🟢🟢🟢 (11.16 pts cushion — second biggest in series)
- 5m structure = LH/LL bearish micro inside bull frame — 🔄 pullback, not flip
- #1 abs (735) positive, #2 abs (740) positive = FULL BULLISH ALIGNMENT 🟢🟢
- Bull ratio 6.90:1 = bulls absolutely dominate
THE READ: Same setup as May 7’s deep-bull day. Both Abs strikes are positive, bears are tiny and far below, Flip cushion is massive. The only short-term concern is the 5m bearish micro (LH/LL) — but inside the bigger bull frame this is a healthy pullback structure, not a reversal. The 737.60 Bear FVG sitting at spot is the first thing to clean up. Once that fills (on either a small dip or a clean push through), the 740 magnet pulls. Below, the Bull FVG stack at 735.45 → 731.90 is the dip-buy ladder. The board says UP. Structure says pullback first, then continuation. Trade the FVG fills with structure.
🚨 BULL MIGRATION TRACKER
Bulls climbed AGAIN — the ladder keeps rising:
| Date | Daddy Bull | Mama Bull | Baby Bull | Note |
|---|---|---|---|---|
| May 7 | 735 (+21.8M) | 730 (+16.6M) | 736 (+13.9M) | Deep bull start |
| May 8 | 736 (+22.1M) | 735 (+21.8M) | 740 (+11.4M) | Bulls stalled at 735, even board |
| May 11 | 740 (+22M) | 738 (+19.8M) | 737 (+17.5M) | 🐂🐂🐂 Bull ladder rebuilt 5 strikes higher |
Note: Daddy Bull migrated UP from 735 → 740 (+5 strikes). Same size (~22M). Mama and Baby slotted in just below at 738 and 737 — building a tight bull cluster RIGHT above price. This is a stair-step pattern — bulls keep raising their floor.
📊 DECISION TABLE
| Level | What It Is | Action |
|---|---|---|
| 745 | Extended target | Beyond bull cluster — momentum only |
| 740 | 🔑 B1 / DADDY BULL (+22M) + #2 ABS | 🎯 Primary magnet — 2.18 pts above price |
| 738 | B2 / Mama Bull (+19.8M) | Next bull stair |
| 737.95 | 5m LH 🔑 | Reclaim = bulls clear, shift back |
| 737.82 | ☕ WE ARE HERE | — |
| 737.60 | 🔴 Bear FVG | Right at spot — fills first |
| 737 | B3 / Baby Bull (+17.5M) | Underneath spot — first floor |
| 736.11 | 5m LL 🔑 | Loss = 5m structure flips bearish |
| 735.45 | 🟢 Bull FVG #1 | First dip target — high-prob bounce |
| 735 | #1 ABS GEX (26.6M) | Stacked with Bull FVG — heavy confluence |
| 731.90 | 🟢 Bull FVG #2 | Second dip target — major support |
| 731 | S1 / Daddy Bear (-3.1M) | Tiny — barely matters |
| 730 | S3 / Baby Bear (-2.5M) | Tiny |
| 729 | S2 / Mama Bear (-3M) | Tiny |
| 728 | 💊 MAX PAIN | 9.82 pts below — weak Monday pull |
| 726.66 | 🟠 FLIP | 11.16 pts below — second biggest cushion in series |
| 724.87 | 🟢 Bull FVG #3 | Deep dip target |
| 724.77 | 🟢 Bull FVG #4 | Twin to #3 |
| 718.26 | 🟢 Bull FVG #5 | Deepest — only matters if Flip breaks |
⚠️ 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 740, I wait 5 minutes, then I enter.”
RIGHT: “Price hits 740, 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 | 726.66 | 🟠 Orange | Above = Bulls. Below = Bears. 11.16 pts below price — second biggest cushion in series |
| MM Ceiling | 740 | 🔴 Red | Daddy Bull — break + hold above = open air to 745 |
| MM Floor | 735 | 🟢 Green | #1 ABS + Bull FVG stack — break + hold below = pull to 731.90 |
📍 TODAY: Price at 737.82 = 11.16 pts ABOVE Flip = BULLS DEEP CONFIRMED 🟢🟢🟢
🟢🟢🟢 DEEP GREEN. Friday’s +6.38 pt close turned the 730 monster bear into a launch pad. Bears collapsed again (-55.9M → -8.6M, an 85% drop). Bulls regrouped at 740/738/737 with +59.3M total — same scale as May 7’s deep-bull setup. Both #1 (735) and #2 (740) absolute strikes are POSITIVE = full alignment per GEX rule. The 5 stacked Bull FVGs below act as a dip-buy ladder. The 737.60 Bear FVG at spot is the first thing to clear — once filled (either via small dip and reclaim, or clean push through), the 740 magnet activates. Risk profile is asymmetric — open air above 740, stacked support below 736.
📊 YOUR LEVELS
SPY TradingView String (Copy & Paste):
737,738,740,737.82,728,726.66,730,729,731,735
SPX TradingView String (Copy & Paste):
7370,7380,7400,7378.2,7280,7266.6,7300,7290,7310,7350
Options Flow (Strike, Calls, Puts):
740, 56.5K, 0
738, 58K, 0
735, 18.9K, 0
732, 0, 13.4K
731, 0, 9K
730, 0, 29.1K
🎯 THE THREE BEARS / THREE BULLS
THE THREE BULLS (LONG LEVELS):
| Bull | Strike | MM Exposure |
|---|---|---|
| B1 = DADDY | 740 | +22M 🐂 |
| B2 = MAMA | 738 | +19.8M 🐂 |
| B3 = BABY | 737 | +17.5M 🐂 |
THE THREE BEARS (SHORT LEVELS):
| Bear | Strike | MM Exposure |
|---|---|---|
| S1 = DADDY | 731 | -3.1M 👹 |
| S2 = MAMA | 729 | -3M 🐻 |
| S3 = BABY | 730 | -2.5M 🧸 |
🟢🟢🟢 BULLS DEEP DOMINATE. +59.3M bulls vs -8.6M bears. Ratio = 6.90:1 bulls. Matches May 7’s deep-bull setup.
☕ RANGE ZONE
| Zone | Why |
|---|---|
| 735 – 740 | Chop zone between Abs #1 and Abs #2 — both positive = upward bias even in chop |
| 736.11 – 737.95 | 5m bearish micro coil (LH/LL) — first break sets direction |
| 735.45 – 737.60 | FVG zone — Bear FVG cap, Bull FVG floor — tight imbalance window |
| 731.90 – 735.45 | Deep dip buy zone — Bull FVG stack with #1 ABS confluence |
🔥 MONDAY FACTOR
| Thursday (May 7) | Friday (May 8) | Monday (May 11) |
|---|---|---|
| 733.05 close | 731.44 (-1.61) | 737.82 (+6.38) |
| Flip cushion +13.53 | Flip cushion +5.99 | Flip cushion +11.16 |
| Bull ratio 6.97:1 | Bear ratio 1.01:1 | Bull ratio 6.90:1 |
| Bull cluster +52.3M | Bull cluster +55.3M | Bull cluster +59.3M |
| Bear cluster -7.5M | Bear cluster -55.9M | Bear cluster -8.6M |
| Daddy Bull 735 (+21.8M) | Daddy Bull 736 (+22.1M) | Daddy Bull 740 (+22M) |
| Daddy Bear 718 (-3.3M) | Daddy Bear 730 (-30.6M) | Daddy Bear 731 (-3.1M) |
| Max Pain 722 | Max Pain 720 | Max Pain 728 |
| Deep bull stalled | Even — 730 monster | Deep bull returns |
Friday’s 730 monster bear flexed but didn’t break price — it became the floor. Bulls launched off it, cleared the Bear FVGs at 734.52 and 735.04, and ran +6.38 to 737.82. Bears collapsed 85% overnight (-55.9M → -8.6M). The Daddy Bull migrated UP from 736 to 740, building a new ladder. Flip cushion expanded from 5.99 to 11.16 pts. This is now the same setup as May 7’s deep-bull day — 6.9:1 bulls, both Abs strikes positive, monster cushion. The difference: this time there are 5 stacked Bull FVGs below as dip support, and only one Bear FVG above at 737.60 sitting right at spot. The path is: clear 737.60 → fill to 740 magnet → see if 745 extension is on. Risk is contained by the FVG stack.
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 |
| May 5 | 2.17:1 BEARS (paper) | Above (+0.72 pts) | SHIFTING | Knife edge — bulls ran +7.16 |
| May 6 | 2.15:1 bulls | Above (+8.36 pts) | HH/HL | Bulls reclaim — bull ladder |
| May 7 | 6.97:1 bulls | Above (+13.53 pts) | COIL above 730 | Deep bull stalled at 735 — closed -1.61 |
| May 8 | 1.01:1 BEARS | Above (+5.99 pts) | COIL — LH/HL | 730 monster held as floor — bulls ran +6.38 |
| May 11 | 6.90:1 bulls | Above (+11.16 pts) | LH 737.95 / LL 736.11 | Deep bull returns — 740 magnet, 5 Bull FVGs below |
🎯 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 |
|---|---|---|---|
| 745 | Extended target | Beyond bull cluster — momentum only | |
| 740 | B1 / DADDY BULL (+22M) + #2 ABS | Primary magnet — 2.18 pts above price | |
| 738 | B2 / Mama Bull (+19.8M) | Next bull stair | |
| 737.95 | 5m LH (KEY LEVEL) | Reclaim = bulls clear, shift back | |
| 737.82 | WE ARE HERE | — | |
| 737.60 | Bear FVG | Right at spot — fills first | |
| 737 | B3 / Baby Bull (+17.5M) | Underneath spot — first floor | |
| 736.11 | 5m LL (KEY LEVEL) | Loss = 5m structure flips bearish | |
| 735.45 | Bull FVG #1 | First dip target — high-prob bounce | |
| 735 | #1 ABS GEX (26.6M) | Stacked with Bull FVG | |
| 731.90 | Bull FVG #2 | Second dip target — major support | |
| 731 | S1 / Daddy Bear (-3.1M) | Tiny — barely matters | |
| 730 | S3 / Baby Bear (-2.5M) | Tiny | |
| 729 | S2 / Mama Bear (-3M) | Tiny | |
| 728 | MAX PAIN | 9.82 pts below — weak Monday pull | |
| 726.66 | FLIP | 11.16 pts below — second biggest cushion in series | |
| 724.87 | Bull FVG #3 | Deep dip target | |
| 724.77 | Bull FVG #4 | Twin to #3 | |
| 718.26 | Bull FVG #5 | Deepest — only matters if Flip breaks |
📚 FVGs and Unfilled Gaps — In Plain English
A Fair Value Gap (FVG) is a spot on the chart where the market moved so fast it skipped a price zone — like a car driving past a gas station too fast to stop. Smart Money (the big players moving size) wanted that price level, but they didn’t get to fill all their orders before the move ran. So the market leaves an unfinished piece of business behind.
Unfilled FVGs are unfinished business. The market remembers. Price almost always comes back — sooner or later — to “fill” that gap, like Smart Money returning to the gas station they missed. Once the gap is filled, the market is even. Until then, the gap acts like a magnet pulling price back to it.
How to read today’s FVGs:
🟢 Bull FVGs (BELOW price — 735.45, 731.90, 724.87, 724.77, 718.26): These were created when price ran UP fast and Smart Money buyers didn’t get all the shares they wanted at those levels. If price dips, these zones often act as support — buyers come back to “fill” their unfinished orders. Translation: a pullback into any of these is a high-probability bounce zone (combined with structure + Q Levels). 735.45 is the first stop, 731.90 is the next, deeper Bull FVGs only matter if the Flip breaks.
🔴 Bear FVG (AT price — 737.60): Created when price dropped fast and Smart Money sellers didn’t get to sell all they wanted at that level. If price rallies into it, this zone often acts as resistance — sellers come back to “fill” their unfinished sales. Translation: the 737.60 gap is right at spot — likely fills on a small dip-and-reclaim before bulls push to 740.
The simple rule: Unfilled FVGs are gravity. Price tends to return to fill them. Combined with structure and Q Levels, they tell you WHERE the better entries live — buy dips into Bull FVGs, fade rips into Bear FVGs. Don’t trade them alone — trade them with the full Q ALGO™ checklist.
⚖️ 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 ☕🟢🟢🟢