Captain Kami is not well. If someone wants to read the prayer, raise your hand.
☕ SPY ZERO DTE April 24, 2026 EDGE News – VIP LEVELS 🔴🔴🔴 FRIDAY – BELOW THE FLIP — BEARS TAKE THE BOARD
🌙 GOOD NIGHT, PILOTS
See you for Sortie at 9:10 AM tomorrow.
📊 TRADE ANALYSIS — 11 to 12 PM
After prayer and disclaimer, we will be all taking our trades with the SAME Algo that everyone has. Some have 1 min and some 15 seconds. Whichever ALGO gives you comfort, you will use.
✈️ PRE-FLIGHT CHECKLIST — CHARTS MUST BE READY
If your charts are not ready, we can’t offer tech support during Sortie. Contact @Kat L after if needed.
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 709.95 Flip |
Bulls reclaim confirmation |
Push toward 710/712/715 |
| 705 to 709.95 |
BELOW FLIP — RANGE ZONE |
Price is HERE. Bears dominate 3.84:1 see Range zone details |
| Break below 705 |
OI 78.5M zone breaks |
Flush toward 703/701/700 MEGA bear cluster |
| Break below 700 |
Daddy Bear (-114.7M) — MONSTER |
Massive negative exposure activates |
📌 Friends, Traders, and Newbies…
Lend me your eyes! PRICE IS BELOW THE FLIP FOR THE FIRST TIME. SPY at 708.77 — the Flip is at 709.95. We are 1.18 pts BELOW the Flip line. This is the moment we’ve been watching all series. For 10+ sessions, price stayed above the Flip while the Flip chased it from 670 to 709.95. It finally caught up. And look at the board: the #1 absolute OI strike (700 at 134.1M) is NEGATIVE at -114.7M — the BIGGEST single negative exposure in the entire series. The #2 (710 at 117.4M) is positive at +25.8M. They point in OPPOSITE directions — no alignment. But the SCALE is what matters: -114.7M at 700 vs +25.8M at 710. Bears are 4.4x bigger on the #1 strike alone. The negative cluster at 700/701/703 holds a combined -301.7M of bear exposure — the biggest concentration of negative MM exposure we’ve ever seen. Bulls at 715/710/712 hold just +78.6M. Bears dominate 3.84:1 — the FIRST TIME bears have led in this series. Structure is SHIFTING on 5 min — LH 708.91 / HL 706.74 both Liquidity/No Structure.
SPY: 708.77 Closed | Max Pain: 701 | Flip: 709.95
👆 Above 709.95 (FLIP) → Bulls reclaim confirmation — but must fight through 710 battleground
👇 Below 705 → Path opens to 703/701/700 MEGA bear cluster (-301.7M)
💡 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 = 701 — that’s 7.77 pts BELOW current price
Translation: Max Pain DROPPED from 705 to 701. It moved DOWN — toward the massive negative cluster, not up. The 700/701/703 zone is a GRAVITY WELL: Max Pain at 701 + Daddy Bear at 700 (-114.7M) + Mama Bear at 701 (-97M) + Baby Bear at 703 (-90M). Combined that’s -301.7M of negative exposure pulling price DOWN. And for the first time, price is BELOW the Flip — MMs are no longer hedging calls. They’re hedging PUTS. Friday expiration makes Max Pain gravity even stronger into the afternoon. This is the most bearish Max Pain configuration we’ve seen.
🧭 STRUCTURE CHECK — Thursday Close
5 Min Structure:
- LH: 708.91 (Liquidity — No Structure)
- HL: 706.74 (Liquidity — No Structure)
- Status: ⚠️ STRUCTURE SHIFTING
Structure is SHIFTING on 5 min. The LH at 708.91 and HL at 706.74 are both labeled Liquidity — No Structure. Price at 708.77 is just below the LH. The HL at 706.74 is the floor — break below opens up the path to 705 and then the mega bear cluster at 700/701/703.
Q ALGO™ Status:
- Price is BELOW THE FLIP at 709.95 = BEARS CONFIRMED 🔴🔴🔴
- This is the FIRST TIME price has been below the Flip in this series
- 5 min structure is SHIFTING — no confirmed direction yet
- THE READ: For 10+ sessions, the Flip was the bull anchor. That anchor is GONE. Price below the Flip means MMs are now hedging PUTS, not calls. Bears dominate 3.84:1. The mega negative cluster at 700/701/703 (-301.7M) is pulling price down. If structure confirms bearish (break below 706.74 HL), the flush to 705 and then 700-703 is the path of least resistance.
📊 DECISION TABLE
| Level |
What It Is |
Action |
| 715 |
B1 / DADDY BULL (+35.1M) 🐂 |
Extended bull target — needs Flip reclaim first |
| 712 |
B3 / BABY BULL (+17.7M) 🐂 |
Stepping stone |
| 711 |
OI 53.5M zone |
Transition above Flip |
| 710 |
B2 / MAMA BULL (+25.8M) 🐂 |
#2 absolute strike — Call OI 15.3K / Put OI 9.8K |
| 709.95 |
🟠 FLIP |
PRICE IS BELOW — bears confirmed. Reclaim = bulls back |
| 709 |
OI 44.2M zone |
Transition below Flip |
| 708.91 |
5m LH (Liquidity) |
Structure high — just above price |
| 708.77 |
☕ WE ARE HERE |
— |
| 708 |
OI 64.5M zone |
Negative territory |
| 706.74 |
5m HL (Liquidity) |
KEY: Break below = path to 705 opens |
| 705 |
OI 78.5M zone |
Major level — break below activates bear cluster |
| 703 |
S3 / BABY BEAR (-90M) 🧸 |
MEGA negative — part of the cluster |
| 701 |
S2 / MAMA BEAR (-97M) 🐻 💊 MAX PAIN |
Negative + MM gravity converge |
| 700 |
S1 / DADDY BEAR (-114.7M) 👹 |
#1 absolute strike — BIGGEST NEGATIVE IN THE SERIES |
⚠️ 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 705, I wait 5 minutes, then I enter.”
RIGHT: “Price hits 705, 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 |
709.95 |
🟠 Orange |
Above = Bulls. Below = Bears. PRICE IS BELOW |
| MM Ceiling |
712 |
🔴 Red |
Break + hold above = See structure for LONG |
| MM Floor |
705 |
🟢 Green |
Break + hold below = See structure for SHORT |
📍 TODAY: Price at 708.77 = 1.18 pts BELOW Flip = BEARS CONFIRMED 🔴🔴🔴
🔴🔴🔴 THE FLIP HAS BROKEN. For the first time in this series, price is below the Flip. MMs are now hedging PUTS, not calls. Bears dominate 3.84:1 — the first time bears have led. The mega negative cluster at 700/701/703 holds -301.7M of combined bear exposure — the biggest concentration of negative MM exposure we’ve ever seen. Bulls at 715/710/712 hold +78.6M — they’re overpowered almost 4:1. #1 absolute strike (700) is NEGATIVE at -114.7M — that one strike alone is bigger than ALL three bulls combined. Structure is shifting (LH 708.91 / HL 706.74). The HL at 706.74 is the last floor before 705 — break below and the flush to the mega bear cluster begins.
📊 YOUR LEVELS
SPY TradingView String (Copy & Paste):
712,710,715,708.77,701,709.95,703,701,700,700
SPX TradingView String (Copy & Paste):
7120,7100,7150,7087.7,7010,7099.5,7030,7010,7000,7000
Options Flow (Strike, Calls, Puts):
715, 16.2K, 1.4K
712, 7.5K, 0
710, 15.3K, 9.8K
709, 9.4K, 0
708, 14.1K, 0
705, 9K, 12K
703, 2K, 31.6K
701, 3.6K, 44.9K
700, 4.8K, 61.1K
🎯 THE THREE BEARS / THREE BULLS
THE THREE BULLS (LONG LEVELS):
| Bull |
Strike |
MM Exposure |
| B1 = DADDY |
715 |
+35.1M 🐂 |
| B2 = MAMA |
710 |
+25.8M 🐂 |
| B3 = BABY |
712 |
+17.7M 🐂 |
THE THREE BEARS (SHORT LEVELS):
| Bear |
Strike |
MM Exposure |
| S1 = DADDY |
700 |
-114.7M 👹 |
| S2 = MAMA |
701 |
-97M 🐻 |
| S3 = BABY |
703 |
-90M 🧸 |
🔴 BEARS DOMINATE. +78.6M bulls vs -301.7M bears. Ratio = 3.84:1 BEARS.
☕ RANGE ZONE
| Zone |
Why |
| 705 – 709.95 |
Price at 708.77 is BELOW the Flip for the first time. Bears dominate 3.84:1. #1 (700) is massively negative (-114.7M), #2 (710) is positive (+25.8M) — they conflict, but the SCALE is 4.4:1 in favor of the bear strike. The mega cluster at 700/701/703 holds -301.7M of combined negative exposure — a gravity well. Max Pain at 701 converges with the cluster. Structure is shifting — HL at 706.74 is the last floor. Break below 706.74 opens 705. Break below 705 activates the mega cluster. Above 709.95 Flip = bulls reclaim, but they must fight through 710 battleground. The board has flipped. Trade accordingly. |
🔥 FRIDAY FACTOR
| Thursday (Apr 23) |
Friday (Apr 24) |
| 710.1 |
708.77 (-1.33 pts) |
| ABOVE FLIP ✅ (0.45 pts) |
BELOW FLIP ❌ (-1.18 pts) — FIRST TIME |
| 3.36:1 bulls |
3.84:1 BEARS — FIRST TIME BEARS LEAD |
| Daddy Bull 715 (+24.7M) |
Daddy Bull 715 (+35.1M) — grew, but overshadowed |
| Daddy Bear 700 (-6.6M) |
Daddy Bear 700 (-114.7M) — 17x BIGGER |
| Flip 709.65 |
Flip 709.95 (barely moved, +0.30) |
| Max Pain 705 |
Max Pain 701 (moved DOWN 4 pts) |
| 5m: check at open |
5m SHIFTING (LH 708.91 / HL 706.74) |
| Flip gap: 0.45 pts above |
Flip gap: 1.18 pts BELOW |
| #1 pos, #2 pos ✅ |
#1 NEGATIVE (-114.7M), #2 pos = NO alignment |
| Bear exposure: -13.5M |
Bear exposure: -301.7M — 22x BIGGER |
This is it. The Flip broke. Price at 708.77 is below the Flip at 709.95 for the FIRST TIME in the series. And the bear exposure that showed up is MASSIVE — Daddy Bear at 700 went from -6.6M to -114.7M overnight. That’s 17x bigger in ONE session. The bear cluster at 700/701/703 holds -301.7M — bigger than any bull exposure we ever saw, even the +247.4M Daddy Bull we had at 700 on April 17. Max Pain dropped to 701, right into the bear cluster. Bears dominate 3.84:1 — the first time they’ve led. Structure is shifting. It’s Friday — expiration gravity is strongest today. The 30 pt rally from 680 to 710 built over 10+ sessions above the Flip. That foundation is gone. If 706.74 HL breaks and 705 falls, the path to the 700–703 gravity well is open. Don’t argue with the market.
🎯 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.
⚖️ 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 ☕🔴
That’s why we use Q ALGO… and for everything else, there’s Mastercard. 💳😎
— Q ☕
