WHAT IS A “DEAD CAT BOUNCE – We’re 20.59 points from Bull County. Sitting on 675 put wall. Any bounce is GUILTY (dead cat) until proven innocent (holds 680+).
Don’t catch a falling knife. Don’t chase a dead cat bounce.
Don’t use just one tool. Read like a MAVERICK – you’re flying an F-16, not a toy plane.
NO CATS WERE HARMED IN THIS MISSION
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☕ SPY ZERO DTE January 21, 2026 EDGE News – VIP LEVELS
🐻🐻 Tuesday- DEEP BEAR COUNTY? 🐻🐻
📢 WANT THESE LEVELS DAILY?
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⚠️ STUDENTS: Hidden exam questions are embedded throughout this newsletter. Read carefully and study the roadmap, setups, and scenarios. Good luck! 📚
📊 YOUR LEVELS (Copy & Paste)
TradingView String:
693,692,694,675.31,686,695.9,673,675,680,680
Options Flow (Strike, Calls, Puts):
693, 6.3K, 0
692, 4.8K, 3.1K
694, 8.6K, 0
685, 12.2K, 14.6K
680, 7.6K, 10.8K
677, 1.9K, 0
676, 1.7K, 0
675, 0, 3.5K
673, 0, 3.9K
📚 WHAT IS A “DEAD CAT BOUNCE”?
Simple Explanation:
Imagine dropping something from a building. Even a dead cat will bounce a little when it hits the ground – but it’s not alive, it’s just physics.
In Trading:
Market drops HARD (like we did: 691 → 675 = -16 points!)
Price bounces UP a little (maybe 675 → 680)
People think “recovery!” and buy
But then it drops AGAIN (back to 675 or lower)
Why It Happens:
Short sellers take profits (buy to close = pushes price up)
Bargain hunters jump in too early
Algorithms trigger buy signals
BUT… no real buyers, just temporary relief
How to Spot It:
Bounce is WEAK (small move)
Volume is LOW (not many buyers)
Fails at resistance quickly
Drops again soon after
Example Today: If we bounce from 675 → 677 or 680, but can’t HOLD above 680 and drop back = dead cat bounce.
The Lesson: Don’t confuse a dead cat bounce with a real recovery. Wait for PROOF (break 680, HOLD 680, then break 685).
Q-Logic Broken Down for Mere Mortals:
🗺️ THE ROADMAP – DEEP IN BEAR COUNTY
⚠️ MAJOR BREAKDOWN ALERT! 20.59 POINTS FROM CENTER LINE! ⚠️
📍 YOU ARE HERE: 675.31 (DEEP BEAR COUNTY)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🐂 BULL COUNTY (Above 695.9)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
━━━ CENTER LINE: 695.9 (GAMMA FLIP) ━━━
↑ 20.59 pts away – WAY UP THERE!
🔴 693-694 (tiny levels) ⬅️ Way up there
🔴 692 (tiny level) ⬅️ Way up there
━━━ Max Pain: 686 (10.69 pts above) ━━━
🔴🔴 685 (55.6M) ⬅️ #2 GIANT – 9.69 pts ABOVE
🔴🔴🔴 680 (66.3M) ⬅️ #1 GIANT – 4.69 pts ABOVE (BROKEN!)
🔴 679 (6.6M) ⬅️ Small level
🔴 677 (7.2M) ⬅️ Small level (dead cat bounce zone)
🔴 676 (6.4M) ⬅️ Small level
📍 YOU ARE HERE: 675.31
🔴🔴 675 (12.5M) ⬅️ #3 level – MASSIVE PUTS – WE’RE ON IT!
🔴 673 (11.9M) ⬅️ Big puts – 2.31 pts BELOW
🔴 668 (7.1M) ⬅️ Lower support
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🐻🐻 DEEP BEAR COUNTY (We are here!)
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🎯 WHAT THIS MEANS IN SIMPLE TERMS
🚨 WE’RE 20.59 POINTS FROM BULL COUNTY – THIS IS BAD
Yesterday’s Disaster:
Started at 691.42 (Bear County)
Broke 690 support
Broke 685 (#2 giant)
Broke 680 (#1 giant)
Dropped -16.11 points to 675.31
Now 20.59 points from center line (695.9)
Current Setup:
Center Line: 695.9 (way, way up there)
#1: 680 (66.3M) – 4.69 pts ABOVE (we broke this)
#2: 685 (55.6M) – 9.69 pts ABOVE (we broke this too)
#3: 675 (12.5M) – WE ARE HERE with massive puts
⚠️ DEAD CAT BOUNCE ZONE: 675-680 Any bounce from here is likely SHORT-LIVED unless it breaks AND holds 680.
IF BULLS TRY TO BOUNCE (Dead Cat?):
Bounce to 677-680 (bounce zone)
Must HOLD 680 for 5+ min to prove it’s REAL
If it fails at 680, drops back = dead cat bounce
IF BEARS PUSH DEEPER:
Break 675 (we’re on it now)
Target 673 (big puts)
Then 668 (freefall)
📊 THE TRAVEL PATH
Current: 675.31 (Deep Bear County) – 20.59 pts from Center Line
Dead Cat Bounce: 675 → 677 → 680 (fails, drops back)
Real Recovery: 675 → 680 (HOLD 5+ min) → 685 → 686 → 695.9 (Center Line)
Deeper Breakdown: 675 → 673 → 668 (bears win)
⚠️ CRITICAL: Sitting ON 675 put wall. Any bounce needs to PROVE itself at 680.
🎯 WHERE WE ARE RIGHT NOW
Current: 675.31 | Center Line: 695.9 ✅ | Status: DEEP BEAR COUNTY
20.59 points from Bull County = This is SERIOUS breakdown territory.
SEE Structure – 6 Rules: (Read the English)
Magnets – 680 & 685 both ABOVE (broken levels pulling up)
Time – After major breakdown
Heat Map – Sitting on 675 put wall
Trend Engine – Bearish breakdown
Lines – Broke ALL major support
VWAP – Way below
Flow – Heavy put activity at 675
Throttle – Momentum was DOWN
✅ WAIT FOR THESE SETUPS
🐂 IF BULLS TRY TO BOUNCE (Watch for Dead Cat):
Watch: Price pushes to 677-680
Test: Does it HOLD 680 for 5+ minutes? Or reject and drop?
Real Recovery: Break 680, HOLD 680, target 685
Dead Cat: Hit 677-680, reject, drop back to 675
Example: SPY bounces to 678 at 10:00 AM, rejected to 675.50 by 10:15 AM = DEAD CAT BOUNCE
🚫 DON’T TRADE THIS ZONE: 673-677
Why? Sitting in dead cat bounce zone. Extremely choppy. Wait for 680 break/hold OR 675 breakdown.
🐂 IF BULLS PROVE IT’S REAL (Not Dead Cat):
Watch: Price breaks 680+ and HOLDS
Confirm: Stays above 680 for 5+ minutes
Trade: Target 685, then 686 (Max Pain)
Example: SPY rallies to 680.50 at 1:00 PM, still above 680 at 1:05 PM = REAL RECOVERY
🔴 IF 675 SUPPORT BREAKS (Bears Continue):
Watch: Price BREAKS 675 and drops to 674.50
Confirm: Stays below 675 for 5+ minutes
Trade: Target 673, then 668
Example: SPY breaks 675, drops to 673.80 at 11:30 AM = DEEPER BREAKDOWN
🎓 HOW TO USE THIS
STEP 1: Put levels in TradingView
STEP 2: Open IKIGAI Master QZ Structure
STEP 3: Watch Q Box 7 on 5-min chart (paid users only)
STEP 4: Watch for dead cat bounce (675-680) vs real recovery (hold 680)
STEP 5: Confirm it HOLDS for 5+ minutes
STEP 6: Trade the direction
⚠️ MOST LIKELY SCENARIOS
⚠️ Scenario 1: Dead cat bounce to 677-680, then reject back (highest probability)
✅ Scenario 2: Break 675, drop to 673-668 (bears continue)
⚠️ Scenario 3: Real recovery – break 680, HOLD, push to 685 (less likely but possible)
🧠 REMEMBER
We’re 20.59 points from Bull County. Sitting on 675 put wall. Any bounce is GUILTY (dead cat) until proven innocent (holds 680+).
Don’t catch a falling knife. Don’t chase a dead cat bounce.
Don’t use just one tool. Read like a MAVERICK – you’re flying an F-16, not a toy plane.
⚖️ 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
Don’t catch falling knives or dead cats. ☕🐻💀
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⚖️ 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 participating in this program, you acknowledge that 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 ☕