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☕ SPY ZERO DTE February 19, 2026 EDGE News – VIP LEVELS
📰 THE MORNING LESSON
“The Chart Flipped Green — But Don’t Chase The Bus”
On 2/18 we said: “Above 685 and holding → path opens toward TARGET 690.”
What happened? We broke 685 and closed at 686.12.
Today the ENTIRE chart above 684 is GREEN. The structure shifted.
But here’s the trap: You see green and you want to BUY BUY BUY.
Don’t.
- #1 Strike: 690 (27.9M) — pulling UP
- #2 Strike: 685 (26M) — just below us
- #1 AND #2 are BOTH POSITIVE = Strong bullish magnetic pull
This is bullish structure, YES. But we’re now BETWEEN the magnets.
If you missed the bus at 680, don’t chase it at 686.
Wait for:
- Pullback to 685 (retest)
- Break and hold above 688 (continuation)
Chasing green candles in the middle = becoming liquidity.
☕ Also read the PRE-MARKET update in your VIP room.
Q wakes up at 4 AM, reads futures, scans other markets, and posts the pre-market tactical summary. That’s where the LIVE context lives. This newsletter is the ROADMAP. The pre-market is the WEATHER REPORT.
Use both. Or fly blind.
⚖️ 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 690, I wait 5 minutes, then I enter.”
RIGHT: “Price hits 690, 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 690, immediately reverses | Level rejected, no hold | NO TRADE – wait |
| Price hits 690, chops around for 3 min, falls back | Failed to hold | NO TRADE – wait |
| Price breaks 690, 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 | 684 | 🟠 Orange | Above = Bulls in control. Below = Bears in control. |
| MM Ceiling | 690 | 🔴 Red | Break + hold above = See structure for LONG |
| MM Floor | 680 | 🟢 Green | Break + hold below = See structure for SHORT |
📍 TODAY: Price at 686.12 = 2.12 pts ABOVE Flip = 🐂🐂 BULL COUNTY
Chart is GREEN above 684. We reclaimed bull territory. #1 and #2 BOTH positive = bullish magnets pulling UP.
📊 YOUR LEVELS
TradingView String (Copy & Paste):
686,685,690,686.12,683,684,670,675,680,690
How to use: Paste into IKIGAI Master QZ Structure indicator.
Options Flow (Strike, Calls, Puts):
690, 5.6K, 0.6K
689, 2.6K, 0.5K
688, 3.3K, 1.8K
687, 1.8K, 0.7K
686, 2.8K, 0.8K
685, 4.7K, 1.2K
684, 2K, 0.8K
683, 2K, 1.2K
680, 1.9K, 6K
675, 1K, 6.5K
670, 0.7K, 5.7K
Look at the flow 👆 — Calls dominate above 684. Puts only show up at 680 and below.
🎯 WHAT THIS MEANS
BULLISH STRUCTURE — BUT WE’RE IN THE MIDDLE
- #1 Strike: 690 (27.9M) — POSITIVE, pulling UP
- #2 Strike: 685 (26M) — POSITIVE, just below us
- #1 AND #2 are BOTH POSITIVE = Strong bullish trend likely
Price at 686.12. We’re above #2 (685) and heading toward #1 (690).
Max Pain at 683 = Below us. Not a factor today unless we drop.
The setup is bullish. The question is ENTRY.
🐂 LONG LEVELS (See Structure for Long)
| Level | Name | Magnets | What Must Happen |
| 688 | Stepping Stone | 25.5M | Break above + hold 5 min + structure confirms |
| 690 | #1 Monster / Ceiling | 22.5M | After 688 holds, next target |
| 692+ | Extension | — | After 690 breaks, blue sky |
⚠️ DO NOT buy just because chart is green. ✅ DO wait for pullback to 685 OR break of 688 with structure.
🐻 SHORT LEVELS (See Structure for Short)
| Level | Name | Magnets | What Must Happen |
| 684 | Flip Zone | — | Break below + hold 5 min + structure confirms |
| 680 | N1 / Floor | -10.1M | After 684 breaks, next target |
| 675 | N2 | -6.5M | After 680 breaks, next target |
⚠️ DO NOT short just because “it’s extended.” ✅ DO wait for break + hold + structure (all 6 points).
NOTE: Short trades are COUNTER-TREND in this environment. Higher risk.
☕ RANGE
| Zone | Why No Trade |
| 686-687 | Middle of range between 685 and 688. No edge here. This is where the enemy cooks you 🍳 |
What to do: Wait for pullback to 685 (buy the dip) OR break above 688 (continuation), then check ALL 6 structure points.
📊 SIMPLE DECISION TABLE
| Price Location | What To Do |
| Above 690 (break + holding) | See structure for LONG — trend continuation |
| At 688-690 | Decision zone — break or reject? |
| Between 686-687 | ☕ WE ARE HERE — wait for edges |
| At 685 | Pullback entry zone — see structure |
| Below 684 (and holding) | See structure for SHORT |
⚖️ 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 ☕🐂🐂