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☕ MAGNETS — SPY ZERO DTE
Date: Mon Jul 13, 2026 | Expiration: Jul 13, 2026
We study SPY and Trade SPX SPDR 500 ZERO DTE Index.
📊 TV VALUES
SPY String — paste into QZ ALGO Daily Magnets:
760,758,759,754.81,750,749.22,746,740,750,759
SPX String:
7600,7580,7590,7548.1,7500,7492.2,7460,7400,7500,7590
Options Flow — VOLUME (Strike, Calls, Puts):
Update QZ Magnets to copy this there.
760, 35K, 2K
759, 31K, 1K
758, 43K, 2K
752, 51K, 87K
751, 16K, 60K
750, 8K, 66K
Options Flow — OPEN INTEREST (Strike, Calls, Puts):
Update QZ Magnets to copy this there.
760, 9K, 0K
759, 9K, 0K
758, 7K, 0K
752, 3K, 3K
751, 3K, 3K
750, 4K, 6K
🧭 STRUCTURE CHECK
Market Structure (5 Min):
|
Structure |
Level |
Status |
|---|---|---|
|
HH (Higher High) |
754.72 |
Structure Target |
|
HL (Higher Low) |
753.93 |
🔑 KEY LEVEL — break below = LL |
Q ALGO™ Status: 🟢 HH + HL = BULLISH
We closed at 754.81, holding above the HL (753.93), above the Flip (749.22), and above Max Pain (750). As long as 753.93 holds, structure stays bullish. A break below 753.93 flips it to a Lower Low.
Prior structure (context): HL 751.38 · LL 750.66 · LL 748.10 · HL 745.59 · LL 744.41.
📊 DECISION TABLE
|
Level |
What It Is |
Action |
|---|---|---|
|
760 |
B3 / BABY Bull (+32.0M MM Exposure) |
Extension target |
|
759 |
B1 / DADDY Bull + #1 Abs Exposure (+45.7M) |
🔴 Ceiling — break + hold = melt-up |
|
758 |
B2 / MAMA Bull (+36.2M MM Exposure) |
Call-wall magnet |
|
754.81 |
☕ WE ARE HERE (Spot) |
— |
|
753.93 |
🔑 HL — Key Structure Level |
Break below = structure turns down |
|
752 |
Heavy total volume (138K) |
Pivot on the way down |
|
750 |
🎯 S1 / DADDY Bear (-7.4M) + MAX PAIN |
Must-hold floor / MM magnet |
|
749.22 |
🟠 FLIP |
Above = Bulls. Below = Bears |
|
746 |
S3 / BABY Bear (-5.8M MM Exposure) |
Bear target |
|
740 |
S2 / MAMA Bear (-6.1M MM Exposure) |
Deeper bear target |
🎯 CONFLUENCE — WATCH 750
Max Pain and the Daddy Bear sit on the SAME strike: 750. That stacks the strongest Market Maker downside exposure (-7.4M) directly on top of the Max Pain magnet. 750 is the single most important floor on the board — it is where MMs want price pinned into expiration AND where the biggest bear wall lives. Lose 750 and the Flip at 749.22 is the next line; hold 750 and bulls keep the high ground.
🎯 THREE BEARS / THREE BULLS
THE THREE BULLS (by MM Exposure size):
|
Bull |
Strike |
MM Exposure |
OI |
Volume |
|---|---|---|---|---|
|
B1 = DADDY |
759 |
+45.7M |
9.4K |
32.1K |
|
B2 = MAMA |
758 |
+36.2M |
7.0K |
44.5K |
|
B3 = BABY |
760 |
+32.0M |
8.6K |
36.9K |
B1 (759) is also the #1 Absolute MM Exposure strike on the board.
THE THREE BEARS (by MM Exposure size):
|
Bear |
Strike |
MM Exposure |
OI |
Volume |
|---|---|---|---|---|
|
S1 = DADDY |
750 |
-7.4M |
10.7K |
73.5K |
|
S2 = MAMA |
740 |
-6.1M |
16.6K |
27.3K |
|
S3 = BABY |
746 |
-5.8M |
5.0K |
29.0K |
S1 (750) is also Max Pain — see Confluence above.
🟢 Bulls 113.9M vs Bears 19.3M = 5.9:1 bulls. Chart is GREEN. The heavy Market Maker exposure sits above spot.
☕ RANGE ZONE
|
Zone |
Why |
|---|---|
|
750 — 759 |
Price sits between the #1 Abs strike (759) and the Daddy Bear / Max Pain (750). A strong trend is harder to form inside this band. Both top Abs strikes (759, 758) sit above spot. |
Commentary: 755 carries the highest total volume on the board (143K), one cent above spot — a battle strike to watch, but no clean call/put split, so it stays out of the flow table.
🎯 Q ALGO™ CHECKLIST — WE DON’T TRADE EMOTIONS, WE LOOK FOR CLUES
|
Step |
What We Check |
|---|---|
|
1 |
LEVELS (from this 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 |
No Structure = No Trade. 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. Errors and omissions excepted.
— Q Levels Trading | Coffee With Q ☕