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☕ SPY ZERO DTE February 12, 2026 EDGE News – VIP LEVELS
Always See Pre-Market Update on VIP
🎭 THE OPENING ACT
“The Tram Tragedy: A Tale of One Candle Too Many” A Story of Errors by William Shakes-SPX
[Enter LADY TRADER, stage left, phone in one hand, tram pole in the other]
LADY TRADER: “Hark! The candle doth burst forth with vigor! Green it glows, like emeralds of profit! I shall enter now and ride this glory To the promised land of tendies!”
[She enters the trade. She enters the tram.]
LADY TRADER: “Now I shall relax upon this tram, And watch my riches multiply like rabbits. The first candle hath blessed me so— Surely the second shall bless me more!”
[Enter the SECOND CANDLE, wearing a disguise]
[Q appears as narrator, shaking head]
Q: “Oh dear Lady, sweet summer child… Thou hast confused a BURST with a TREND. The market giveth in ONE candle, And in the NEXT… it taketh away.
She rode the tram. She rode the trade. But one of these required her attention, And ’twas NOT the one with wheels!”
[The Second Candle removes its disguise — it is RED]
SECOND CANDLE: “Surprise! ‘Tis I, the PULLBACK! Didst thou think the party would last forever? The Market Maker hath exhausted his move, And now… I come for thy profits!”
LADY TRADER: [Looking up from phone, seeing red] “What sorcery is this?! I was winning! The trend was my friend! We were besties!”
Q: “Nay, dear Lady. The BURST was thy friend. The TREND never showed up to the party. Thou hast overstayed thy welcome Like a guest who eats all the shrimp And wonders why the host looks angry.”
[Lady Trader watches her P&L turn from green to red]
LADY TRADER: “But… but… I was on the tram! I could not watch every candle!”
Q: “PRECISELY! And therein lies the lesson: If thou cannot watch, thou should not hold. The market exhaled its energy in ONE BURST— In and out, like a ninja in the night. Not in and… checks phone… rides tram… looks at birds… …and then wondereth why thou art cooked!”
[Q addresses the audience]
Q: “Hear me now, students of the chart: When the market BURSTS, it EXHAUSTS. One candle of glory, then the pullback cometh. The wise trader taketh profits like a thief— QUICK, CLEAN, GONE.
The foolish trader sitteth on the tram, Watching the world go by, While her account goeth… DOWN.
THE MORAL: In and out in ONE CANDLE with a burst. Not in… and then… whenever thou feelest like it. The market doth not wait for thy tram stop!”
[Lady Trader exits, searching for the next tram… and the next trade]
LADY TRADER: [Muttering as she leaves] “Next time I shall take profits faster…”
Q: “She says this now. But will she remember When the next green candle doth appear? History repeateth, dear students. Don’t be Lady Trader. Don’t ride the tram AND the trade. Choose ONE ride at a time.”
[Curtain falls. Sound of tram bells and stop-losses triggering.]
🎭 END OF ACT 🎭
“The market burst, she held too long, The pullback came, her trade went wrong. One candle in, one candle out— That’s what smart trading is about.” — William Shakes-SPX
💡 THE LESSON: When the market makes a BURST move, it’s EXHAUSTING its energy. Take profits IN THAT CANDLE. Don’t hold through the next one expecting more. The pullback is coming. Be the ninja — in and out. Not the tram passenger — distracted and hoping.
⚖️ 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 | 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
Follow the education.
🚨 THE 5-MINUTE RULE (YOU’RE DOING IT WRONG)
WRONG: “Price hits 693, I wait 5 minutes, then I enter.”
RIGHT: “Price hits 693, 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 minutes is not a timer to enter. It’s a FILTER to see if the level is real.
| What You See | What It Means | What You Do |
| Price hits 693, immediately reverses | Level rejected, no hold | NO TRADE – wait |
| Price hits 693, chops around for 3 min, falls back | Failed to hold | NO TRADE – wait |
| Price breaks 693, holds above for 5+ min, structure confirms | Level accepted as support | NOW check your 6 points for entry |
The 5-minute hold is CONFIRMATION, not a green light.
⚙️ Q ALGO™ TIMEFRAME PRESSURE
Draw these 3 lines on your chart:
| Line | Value | Color | Meaning |
| MM Flip | 694 | 🟠 Orange | Above = Bulls in control. Below = Bears in control. |
| MM Ceiling | 698 | 🔴 Red | Break + hold above = See structure for LONG |
| MM Floor | 688 | 🟢 Green | Break + hold below = See structure for SHORT |
📍 TODAY: Price at 691.8 = 1.77 pts BELOW Flip = 🐻 BEAR COUNTY (barely)
We slipped below the Flip. Sitting right on Max Pain (690). Bulls need to reclaim 694.
📊 YOUR LEVELS
TradingView String (Copy & Paste):
698,691,693,691.8,690,693.57,680,685,688,693
How to use: Paste into IKIGAI Master QZ Structure indicator.
Options Flow (Strike, Calls, Puts):
698, 4.2K, 0.1K
697, 5.7K, 0
696, 3.4K, 0.7K
695, 3.1K, 2.4K
694, 2.3K, 2K
693, 3.8K, 1.8K
692, 3K, 2.2K
691, 3.6K, 1.5K
690, 2.6K, 2.3K
688, 1.2K, 3.2K
685, 0.8K, 3.2K
680, 0.7K, 5.5K
Look at the flow 👆 — Calls and Puts balanced 690-695. Puts dominate below 688. Price sitting at Max Pain = MAGNET.
🎯 WHAT THIS MEANS
JUST BELOW THE FLIP – TESTING MAX PAIN
- #1 Strike: 693 (32.4M) – Above us, pulling UP
- #2 Strike: 695 (31.2M) – Above us, pulling UP
- #1 AND #2 are BOTH ABOVE current price = Magnets pulling UP
Price at 691.8. Max Pain at 690. We’re sitting right on the magnet zone.
Key question: Do we bounce off Max Pain and reclaim Flip (694)? Or do we break down through 688?
🐂 LONG LEVELS (See Structure for Long)
| Level | Name | Magnets | What Must Happen |
| 694 | Flip Zone | 25.4M | Reclaim + hold 5 min + structure confirms |
| 695 | #2 Giant | 31.2M | After 694 holds, next target |
| 698 | P3 / Ceiling | 10.5M | After 695 holds, next target |
⚠️ DO NOT buy just because we’re at Max Pain. ✅ DO wait for reclaim + hold + structure (all 6 points).
🐻 SHORT LEVELS (See Structure for Short)
| Level | Name | Magnets | What Must Happen |
| 690 | Max Pain | 22.3M | Break below + hold 5 min + structure confirms |
| 688 | N1 / Floor | -4.7M | After 690 breaks, next target |
| 685 | N2 | -4.3M | After 688 breaks, next target |
⚠️ DO NOT short just because we’re below Flip. ✅ DO wait for break + hold + structure (all 6 points).
☕ NO TRADE ZONE
| Zone | Why No Trade |
| 691-693 | Between Max Pain and Flip. CHOP ZONE. This is where the enemy cooks you 🍳 |
What to do: Wait for the price to reclaim 694 (bullish) or break 688 (bearish), then check ALL 6 structure points.
📊 SIMPLE DECISION TABLE
| Price Location | What To Do |
| Above 694 (reclaim + holding) | See structure for LONG |
| At 693-694 | Decision point – reclaim Flip or reject? |
| Between 691-693 | ☕ WE ARE HERE – CHOP ZONE – wait for edges |
| At 690 | Max Pain magnet – watch for bounce or break |
| Below 688 (and holding) | See structure for SHORT |
We need to see STRUCTURE to confirm.
Max Pain at 690 = Strong magnet. Could hold us here or bounce us back up.
⚖️ 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 ☕🐻