Good morning, traders!

SPY closed at 690.91 on Friday – an interesting educational example of price breaking above the two biggest levels, BUT ⚠️ OBSERVATION: Smart money indicators showed selling into strength on Friday with multiple PATH SHIFT and V+ alerts indicating potential distribution patterns.

KEY LEVELS TO STUDY

🟢 RESISTANCE ZONES TO WATCH:

• 693 – Upper target zone
• 692 – Secondary ceiling area
• 691 – First resistance to observe

📍 CURRENT PRICE: 690.91

🔴 SUPPORT ZONES TO WATCH:

• 690 – Critical level (biggest positioning – 89M)
• 689 – MAJOR floor (massive 85M put concentration)
• 687 – Flip zone area (686.77)
• 684 – Secondary support

💡 EDUCATIONAL SETUP ANALYSIS

⚠️ LEARNING POINT: Notice how price action on Friday showed distribution patterns despite breaking above 690-691. Smart money indicators (PATH SHIFT + V+ alerts) suggested sellers entering. This creates an interesting conflicting setup worth studying.

Bullish Scenario (What to observe): Price is above the two biggest positioning levels (690 and 689), with Max Pain at 690. This structure typically creates upward bias toward 691-693.

Bearish Scenario (What to watch for): Distribution patterns on Friday suggest studying potential reversal setups. Watch how price reacts at 691 – does it reject and return to 690-689?

The Key Question: Will 690 hold as support? If yes, watch for continuation toward 691-693. If no, study the move back to 689 or lower.

Study Range: 690-691 (critical decision zone)

FRIDAY’S EDUCATIONAL REVIEW

The levels provided accurate structure – price did break above 690 as the framework suggested. However, smart money indicators were showing selling, creating a valuable lesson in reading conflicting signals.

📚 LEARNING POINTS

This setup teaches: Smart money distribution into strength is worth noting in your trading journal. Study how price reacts when positioning suggests one direction but order flow suggests another. Consider this when building your own risk management approach.

The 690 level is worth watching closely as a key structural pivot.

EDUCATIONAL REMINDER: These levels are teaching tools to help you understand market structure. Your trading decisions are entirely your own.

⚖️ FULL DISCLOSURE

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
Study the levels, think for yourself! ☕📚