See my new addition on On FVG (Fair Value Gaps) and what it means on 5M – for the Cowboy who has been asking to understand Smart Money GAPS
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☕ SPY ZERO DTE May 7, 2026 EDGE News –
On FVG (Fair Value Gaps):
A Fair Value Gap is a price imbalance — a spot on the chart where the market moved so fast it skipped fair pricing.
You see it when one candle’s body leaves a gap between the candle before it and the candle after it. The market “owes” that zone a visit.
FVGs act like magnets where price tends to come back and “fill” them before continuing in the original direction.
Today we have two unfilled FVGs sitting BELOW: 731.25 – 732.85 (immediate, the closer one) and 727 – 730 (deeper, overlapping the Mama Bull at 730).
If price pulls back during the day, those zones are the first places it wants to test. T
hey’re not buy signals on their own but combined with structure (5m HL holding) and a Q Level (730 Mama Bull), an FVG fill becomes a high-probability dip-buy zone.
Translation: don’t chase the rip at 735, watch the FVG fills for the better entry. See ⚖️ DISCLAIMER
Now the Feature Presentation
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 |
|---|---|---|
| Reclaim above 732.72 HL | Bulls hold the coil, 5m structure fixes | Path to 735 Daddy Bull magnet |
| Break above 735 with hold | Clear #1 absolute strike | Open air to 736 / 737 / extension |
| Pull into 731.25–732.85 FVG | Imbalance fill — first downside test | Buy-the-dip zone if 730 holds |
| Pull into 727–730 FVG | Deeper imbalance fill | 730 Mama Bull (+16.6M) is the floor |
| Lose 730 with hold below | Mama Bull breaks — chop zone breach | Pull to 727 / FVG fill / 723 retest |
| Lose 719.52 Flip | Full bull thesis breaks | Trapdoor — but bears are TINY (-7.5M total) |
📌 Friends, Traders, and Newbies…
Lend me your eyes! Two days of monster bull tape. SPY went from 717.76 (May 5 open) to 733.05 (May 7 open) = +15.29 pts in two sessions. Wednesday’s HL at 724.10 cracked but the 723 Daddy Bull held, bulls extended through 725.04, and ran +8.13 pts straight to 733. The board is now stacked deep bull. Bulls hold +52.3M, bears just -7.5M = ratio 6.97:1 BULLS — strongest since May 1’s 10.47:1. Daddy Bull migrated UP to 735 (+21.8M), Mama at 730 (+16.6M), Baby at 736 (+13.9M). The Three Bears? Tiny and FAR below: 718 (-3.3M), 723 (-2.2M), 720 (-2M). Spot 733.05 is 13.53 pts ABOVE Flip 719.52 — BIGGEST cushion in the entire series. Two unfilled FVGs sit below: 731.25–732.85 (close) and 727–730 (deeper). 5m structure is a tight coil (HL 732.72 / LH 732.05).
SPY: 733.05 Closed | Max Pain: 722 | Flip: 719.52
👆 Above 735 → Clear Daddy Bull + #1 abs, open air to 736/737/740
👇 Below 730 with hold → Mama Bull breach, fill 727–730 FVG, retest 723
💡 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 = 722 — sitting 11.05 pts BELOW spot
Translation: Max Pain moved UP from 718 to 722 — chasing price. But it’s still 11 pts below, and bulls have so much exposure stacked above (52M+) that MMs can’t easily drag price down. In monster bull series like this, Max Pain often gets ignored UNTIL the final hour. The 730 Mama Bull (+16.6M) acts as a floor against any afternoon Max Pain pull. The risk: a sharp afternoon flush into the 727–730 FVG to fill the imbalance, then bounce. Trust the board, watch the FVG zones, respect the clock.
🧭 STRUCTURE CHECK — Wednesday Close
5 Min Structure (Tight Coil):
| Structure | Level | Status |
|---|---|---|
| HL | 732.72 | 🔑 Higher Low — bullish anchor — must hold |
| LH | 732.05 | 🔑 Lower High — bearish micro — reclaim = continuation |
| Range | 0.67 pts | Tight coil — first to break sets direction |
Q ALGO™ Status: HL + LH inside coil = 🔄 TIGHT COIL ABOVE 730 CLUSTER
What this means: Late Wednesday tape coiled in a 0.67 pt range. The HL at 732.72 is the bullish anchor — hold = bulls extend toward 735. The LH at 732.05 is the bearish ceiling — reclaim = bulls clear it and run. Price closed at 733.05, ABOVE both points = bullish lean into the open.
Unfilled Fair Value Gaps (FVG) — Buy Zones:
- 731.25 – 732.85 (immediate downside FVG — first dip target)
- 727 – 730 (deeper FVG — overlaps Mama Bull at 730)
Q ALGO™ Status:
- Price ABOVE Flip 719.52 = BULLS CONFIRMED 🟢🟢🟢 (13.53 pts cushion — BIGGEST IN THE SERIES)
- 5m structure = tight coil — HL 732.72 / LH 732.05 — bullish bias
- #1 abs (735) positive, #2 abs (730) positive = ALIGNMENT 🟢🟢
- Bull ratio 6.97:1 = bulls absolutely dominate
THE READ: This is the cleanest deep-bull setup since May 1. Both #1 and #2 absolute strikes are POSITIVE — alignment per the GEX rule = strong upward pull. Price sits between them (730–735 chop zone), but the chop is bullish-biased. The Daddy Bull at 735 (+21.8M) is the magnet above. The Mama Bull at 730 (+16.6M) is the floor below. The bear cluster is so weak (-7.5M total) it almost doesn’t exist. The two FVGs below (731.25–732.85 and 727–730) are buy-the-dip zones. Risk only opens if 730 breaks and 727 doesn’t hold.
🚨 BULL MIGRATION TRACKER
The bulls climbed 12 strikes higher in 3 sessions:
| Date | Daddy Bull | Mama Bull | Baby Bull | Note |
|---|---|---|---|---|
| May 5 | 723 (+5.5M) | 721 (+5.2M) | 722 (+5.1M) | Tight cluster, small |
| May 6 | 723 (+14M) | 728 (+13.8M) | 726 (+11.3M) | Stair pattern, doubled |
| May 7 | 735 (+21.8M) | 730 (+16.6M) | 736 (+13.9M) | 🐂🐂🐂 Climbed 12 strikes — 4x bigger than May 5 |
Note: The Daddy Bull migrated UP from 723 → 735 in two sessions and grew from +5.5M → +21.8M (4x). This is what an “expanding bull series” looks like — strikes climb AND exposure grows. Same pattern as the early Apr 16–17 series.
📊 DECISION TABLE
| Level | What It Is | Action |
|---|---|---|
| 740 | Extended target | Beyond bull cluster — momentum only |
| 737 | Extended bull | Above Daddy + Baby — extension zone |
| 736 | B3 / Baby Bull (+13.9M) | Above Daddy — extension |
| 735 | 🔑 B1 / DADDY BULL (+21.8M) + #1 ABS | 🎯 Primary magnet — 1.95 pts above price |
| 733.05 | ☕ WE ARE HERE | — |
| 732.85 | Top of FVG #1 | Inside FVG zone |
| 732.72 | 5m HL 🔑 | Must hold — bullish anchor |
| 732.05 | 5m LH 🔑 | Reclaim = continuation |
| 731.25 | Bottom of FVG #1 | First dip target |
| 730 | 🔑 B2 / MAMA BULL (+16.6M) + #2 ABS + Top of FVG #2 | Major floor — chop zone bottom |
| 727 | Bottom of FVG #2 | Deep dip target |
| 723 | S2 / Mama Bear (-2.2M) | Distant bear — barely matters |
| 722 | 💊 MAX PAIN | 11.05 pts below — moderate pull |
| 720 | S3 / Baby Bear (-2M) | Distant bear |
| 719.52 | 🟠 FLIP | 13.53 pts below — biggest cushion in series |
| 718 | S1 / Daddy Bear (-3.3M) | “Daddy” but tiny — far below |
⚠️ 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 735, I wait 5 minutes, then I enter.”
RIGHT: “Price hits 735, 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 | 719.52 | 🟠 Orange | Above = Bulls. Below = Bears. 13.53 pts below price — BIGGEST CUSHION IN SERIES |
| MM Ceiling | 735 | 🔴 Red | Daddy Bull — break + hold above = open air to 736/737 |
| MM Floor | 730 | 🟢 Green | Mama Bull — break + hold below = chop zone breach, FVG fill |
📍 TODAY: Price at 733.05 = 13.53 pts ABOVE Flip = BULLS DEEP CONFIRMED 🟢🟢🟢
🟢🟢🟢 DEEP GREEN. Two-day +15.29 pt bull run. Bulls hold +52.3M of exposure. Bears hold -7.5M — basically nothing. Ratio 6.97:1 bulls. Both #1 (735) and #2 (730) absolute strikes are POSITIVE = full alignment per GEX rule. Flip cushion is 13.53 pts — the biggest in the series. The Daddy Bull at 735 is just 1.95 pts away — that’s the next magnet. Below, 730 Mama Bull and the 727–730 FVG act as a stacked floor. The risk profile is asymmetric — the upside is open air, the downside has Mama Bull + FVG support before any real breakdown. This is the kind of setup where chasing dips makes sense, not chasing rips at the top.
📊 YOUR LEVELS
SPY TradingView String (Copy & Paste):
736,730,735,733.05,722,719.52,720,723,718,735
SPX TradingView String (Copy & Paste):
7360,7300,7350,7330.5,7220,7195.2,7200,7230,7180,7350
Options Flow (Strike, Calls, Puts):
735, 54.7K, 0
730, 40.2K, 0
736, 28.5K, 0
724, 0, 15.6K
723, 0, 9.5K
718, 0, 8K
🎯 THE THREE BEARS / THREE BULLS
THE THREE BULLS (LONG LEVELS):
| Bull | Strike | MM Exposure |
|---|---|---|
| B1 = DADDY | 735 | +21.8M 🐂 |
| B2 = MAMA | 730 | +16.6M 🐂 |
| B3 = BABY | 736 | +13.9M 🐂 |
THE THREE BEARS (SHORT LEVELS):
| Bear | Strike | MM Exposure |
|---|---|---|
| S1 = DADDY | 718 | -3.3M 👹 |
| S2 = MAMA | 723 | -2.2M 🐻 |
| S3 = BABY | 720 | -2M 🧸 |
🟢🟢🟢 BULLS DEEP DOMINATE. +52.3M bulls vs -7.5M bears. Ratio = 6.97:1 bulls. Strongest since May 1’s 10.47:1.
☕ RANGE ZONE
| Zone | Why |
|---|---|
| 730 – 735 | Chop zone between Abs #2 (Mama Bull) and Abs #1 (Daddy Bull) — both positive = upward bias even in chop |
| 731.25 – 732.85 | FVG #1 — first downside imbalance to fill — buy-the-dip zone if 5m structure holds |
| 727 – 730 | FVG #2 — deeper imbalance — overlaps with Mama Bull (+16.6M) — major buy zone |
| 732.05 – 733.05 | Tight coil between LH and current price — first break sets direction |
🔥 THURSDAY FACTOR
| Tuesday (May 5) | Wednesday (May 6) | Thursday (May 7) |
|---|---|---|
| 717.76 close | 724.92 (+7.16) | 733.05 (+8.13) |
| Flip cushion +0.72 | Flip cushion +8.36 | Flip cushion +13.53 |
| Bear ratio 2.17:1 | Bull ratio 2.15:1 | Bull ratio 6.97:1 |
| Bull cluster +15.8M | Bull cluster +39.1M | Bull cluster +52.3M |
| Bear cluster -34.3M | Bear cluster -18.2M | Bear cluster -7.5M (collapsed) |
| Daddy Bull 723 (+5.5M) | Daddy Bull 723 (+14M) | Daddy Bull 735 (+21.8M) |
| Daddy Bear 704 (-13.8M) | Daddy Bear 720 (-8.5M) | Daddy Bear 718 (-3.3M) |
| Knife edge | Bullish reclaim | Deep bull, monster cushion |
Two consecutive +7-8 pt bull days. Total move: +15.29 pts. Bulls climbed 12 strikes (Daddy Bull went from 723 → 735) and grew 4x in size (+5.5M → +21.8M). Bears collapsed 78% (-34.3M → -7.5M). The Flip cushion went from a knife-edge 0.72 pts to a monster 13.53 pts. This is the same pattern as the early Apr 16–17 series — expanding bull alignment with tiny opposition. The watch: the 730 Mama Bull (+16.6M) and the two FVGs below (731.25–732.85, 727–730) are the floor. Above 735 is open air. Trust the board, but respect the FVG fills — when bull series get this strong, sharp dips into FVG zones are the rule, not the exception.
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 — 735 magnet, monster cushion |
🎯 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 |
|---|---|---|---|
| 740 | Extended target | Beyond bull cluster — momentum only | |
| 737 | Extension zone | Above Daddy + Baby | |
| 736 | B3 / Baby Bull (+13.9M) | Above Daddy — extension | |
| 735 | B1 / DADDY BULL (+21.8M) + #1 ABS | Primary magnet — 1.95 pts above price | |
| 733.05 | WE ARE HERE | — | |
| 732.85 | Top of FVG #1 | Inside FVG zone | |
| 732.72 | 5m HL (KEY LEVEL) | Must hold — bullish anchor | |
| 732.05 | 5m LH (KEY LEVEL) | Reclaim = continuation | |
| 731.25 | Bottom of FVG #1 | First dip target | |
| 730 | B2 / MAMA BULL (+16.6M) + #2 ABS + FVG #2 top | Major floor — chop zone bottom | |
| 727 | Bottom of FVG #2 | Deep dip target | |
| 723 | S2 / Mama Bear (-2.2M) | Distant bear | |
| 722 | MAX PAIN | 11.05 pts below — moderate pull | |
| 720 | S3 / Baby Bear (-2M) | Distant bear | |
| 719.52 | FLIP | 13.53 pts below — biggest cushion in series | |
| 718 | S1 / Daddy Bear (-3.3M) | Tiny “Daddy” — barely matters |
⚖️ 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 ☕🟢🟢🟢