Disclaimers · the fine print, plainly

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Last updated · 17 June 2026

01Not financial advice

SPECTRE Markets publishes educational, impersonal market research — the same content for every subscriber, on a schedule. It is not investment advice, not a recommendation, and not a solicitation or offer to buy or sell any security, future, or other instrument. We are not a broker-dealer, investment adviser, or commodity trading advisor, and we give no personalized advice. You alone are responsible for your trading decisions.

02Hypothetical & derived performance

Our levels are computed from publicly available options and market data and are estimates. Any accuracy figures, “reaction-rate” or hold figures, or track-record results we publish are hypothetical / derived analysis — they describe how published levels related to subsequent price across historical data, not the results of actual trading with real capital.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

03Risk of trading futures & crypto

Trading futures, options, and crypto-assets involves substantial risk of loss and is not suitable for every investor. Leverage can work against you as well as for you. You can lose some or all of your capital. Past performance and prior level accuracy are not indicative of future results. Only trade with capital you can afford to lose.

04Data, AI & “levels, not calls”

Market and options data may be delayed, incomplete, or in error, and our derived levels inherit those limitations. SPECTRE publishes structure and commentary — levels, not calls: the desk note describes what the structure suggests, not instructions to buy or sell at a stop or target. Desk reads are AI-generated and labeled as such wherever they appear. Nothing here is tailored to your situation.

05Independence

SPECTRE Markets is an independent research product and is not affiliated with, endorsed by, or sponsored by CME, MenthorQ, SpotGamma, TradingView, NinjaTrader, or any exchange or data vendor. All marks belong to their respective owners.

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