diff --git a/deploy/docker/truenas-compose.yml b/deploy/docker/truenas-compose.yml
index 2cbb8af..c3a7b86 100644
--- a/deploy/docker/truenas-compose.yml
+++ b/deploy/docker/truenas-compose.yml
@@ -197,6 +197,8 @@ services:
         while true; do
           if [ "$$(date +%H:%M)" = "20:00" ] && [ "$$(date +%u)" -le 5 ]; then
             python -m research.premarket_eval || echo "[scheduler] eval FAILED"
+            # SPY/QQQ ingest -> forward source for the labeler's market-context features (plan 009)
+            python -m research.ingestion.market_context || echo "[scheduler] market_context ingest FAILED"
             python -m research.eod_reconcile || echo "[scheduler] reconcile FAILED"
             # Flywheel: grow the whole-market dataset first, then fit the tuner on
             # it. 20:00 ET is after close, so replay of "today" is complete data —
diff --git a/docker-compose.yml b/docker-compose.yml
index a54e5c2..5969c3e 100644
--- a/docker-compose.yml
+++ b/docker-compose.yml
@@ -33,6 +33,10 @@ x-app-env: &app-env
   # Self-contained default: the in-stack postgres. Overrides .env.
   DATABASE_URL: postgresql://${POSTGRES_USER:-momentum}:${POSTGRES_PASSWORD:-momentum}@postgres:5432/${POSTGRES_DB:-momentum}
   PG_SKIP_SCHEMA: "0"
+  # catalyst enrichment ON as a labeler FEATURE source (plan 009) — loop + scheduler
+  # (labeler builds) both inherit this anchor. Needs a reachable Ollama (see .env);
+  # enabled-but-down never impedes trading (fully gated).
+  NEWS_ENRICH_ENABLED: "1"
 
 services:
   postgres:
@@ -141,6 +145,8 @@ services:
           if [ "$$(date +%H:%M)" = "20:00" ] && [ "$$(date +%u)" -le 5 ]; then
             echo "[scheduler] premarket_eval $$(date)"
             python -m research.premarket_eval || echo "[scheduler] eval FAILED"
+            # SPY/QQQ ingest -> forward source for the labeler's market-context features (plan 009)
+            python -m research.ingestion.market_context || echo "[scheduler] market_context ingest FAILED"
             python -m research.eod_reconcile || echo "[scheduler] reconcile FAILED"
             # Flywheel: grow the whole-market dataset first, then fit the tuner on
             # it. 20:00 ET is after close, so replay of "today" is complete data —
diff --git a/research/ingestion/market_context.py b/research/ingestion/market_context.py
new file mode 100644
index 0000000..4b732ec
--- /dev/null
+++ b/research/ingestion/market_context.py
@@ -0,0 +1,76 @@
+"""Nightly SPY/QQQ ingest — the forward source for the labeler's market-context
+features (tape_regime + spy_intraday_return, plan 009).
+
+Index ETFs never enter the gapper discovery universe, so the live loop never
+ingests them; without this job market context can only be backfilled over the
+~30 sessions of SPY data that happen to exist. This pulls the full session's
+minute bars for SPY/QQQ (SIP feed — the job runs at 20:00 ET, past the 15-min
+free-key embargo) plus daily bars, through the same upsert helpers the rest of
+ingestion uses (idempotent ON CONFLICT). Mirrors research.sip_backfill's shape.
+
+  python -m research.ingestion.market_context            # today
+  python -m research.ingestion.market_context --date D   # one session (YYYY-MM-DD)
+"""
+
+from __future__ import annotations
+
+import argparse
+import os
+from datetime import date, datetime, timedelta
+
+from dotenv import load_dotenv
+
+load_dotenv(os.path.join(os.path.dirname(__file__), "..", "..", ".env"))
+
+from research.ingestion.market_data import (  # noqa: E402
+    upsert_daily_bars, upsert_minute_bars)
+from research.multi_schema import open_research_db  # noqa: E402
+
+INDEX_SYMBOLS = ("SPY", "QQQ")
+
+
+def ingest_index_session(con, client, d, symbols=INDEX_SYMBOLS) -> tuple[int, int]:
+    """Ingest one session's SPY/QQQ minute bars (04:00-20:00 ET, SIP) + recent daily
+    bars. Returns (minute_rows, daily_rows). Unlike sip_backfill.refetch_minute_session
+    this fetches a FIXED symbol list, so it seeds SPY/QQQ even when they have no prior
+    rows that day."""
+    d = d if isinstance(d, date) else date.fromisoformat(str(d))
+    syms = list(symbols)
+    start = f"{d.isoformat()}T08:00:00Z"                       # 04:00 ET
+    end = f"{(d + timedelta(days=1)).isoformat()}T00:00:00Z"   # 20:00 ET
+    # respect the free-key SIP embargo when the session is TODAY (end in the past)
+    embargo = (datetime.utcnow() - timedelta(minutes=16)).strftime("%Y-%m-%dT%H:%M:%SZ")
+    if d == date.today() and embargo < end:
+        end = embargo
+    minute_rows = 0
+    bars_by_symbol = client.get_minute_bars(syms, start_iso=start, end_iso=end, feed="sip")
+    for sym, bars in bars_by_symbol.items():
+        if bars:
+            minute_rows += upsert_minute_bars(con, sym, bars, source_provider="alpaca_sip")
+    daily_rows = 0
+    start_daily = (datetime.utcnow() - timedelta(days=60)).strftime("%Y-%m-%dT00:00:00Z")
+    try:
+        daily_by_symbol = client.get_daily_bars(syms, start_iso=start_daily, feed="sip")
+        for sym, bars in daily_by_symbol.items():
+            if bars:
+                daily_rows += upsert_daily_bars(con, sym, bars)
+    except Exception as exc:  # noqa: BLE001 — minute bars are what market context needs
+        print(f"index daily ingest skipped: {exc}")
+    return minute_rows, daily_rows
+
+
+def main() -> None:
+    ap = argparse.ArgumentParser(description="Nightly SPY/QQQ ingest (market-context source)")
+    ap.add_argument("--date", help="one session date (YYYY-MM-DD); default = today")
+    args = ap.parse_args()
+    from alpaca_paper.client import AlpacaPaperClient
+    from alpaca_paper.settings import AlpacaPaperSettings
+    con = open_research_db("market")
+    client = AlpacaPaperClient(AlpacaPaperSettings.from_env())
+    d = date.fromisoformat(args.date) if args.date else date.today()
+    m, dr = ingest_index_session(con, client, d)
+    print(f"market-context ingest {d}: {m} SPY/QQQ minute rows, {dr} daily rows")
+
+
+if __name__ == "__main__":
+    main()
diff --git a/tests/unit/research/test_market_context_ingest.py b/tests/unit/research/test_market_context_ingest.py
new file mode 100644
index 0000000..87d9edb
--- /dev/null
+++ b/tests/unit/research/test_market_context_ingest.py
@@ -0,0 +1,40 @@
+"""SPY/QQQ market-context ingest (plan 009): fake-client bars land as minute_bars
+and round-trip through the labeler's _preload_spy. Isolated :memory: schema."""
+
+from datetime import date
+
+from research.ingestion.market_context import ingest_index_session
+from research.labeler import _preload_spy
+from storage.db import get_connection
+
+D = date(2026, 6, 2)
+
+
+class _FakeClient:
+    """Minimal AlpacaPaperClient stand-in for SPY/QQQ minute + daily bars."""
+
+    def get_minute_bars(self, symbols, start_iso, end_iso, feed=None):
+        # two RTH minute bars (13:30/13:31Z = 09:30/09:31 ET) per requested symbol
+        out = {}
+        for s in symbols:
+            out[s] = [
+                {"t": f"{D.isoformat()}T13:30:00Z", "o": 400, "h": 401, "l": 399, "c": 400.5, "v": 1000, "vw": 400.3},
+                {"t": f"{D.isoformat()}T13:31:00Z", "o": 400.5, "h": 402, "l": 400, "c": 401.5, "v": 1200, "vw": 401.0},
+            ]
+        return out
+
+    def get_daily_bars(self, symbols, start_iso, feed=None):
+        return {s: [{"t": f"{D.isoformat()}T00:00:00Z", "o": 399, "h": 403, "l": 398, "c": 401.5, "v": 5_000_000, "vw": 400.8}]
+                for s in symbols}
+
+
+def test_index_ingest_lands_and_preloads():
+    con = get_connection(":memory:")
+    try:
+        m, dr = ingest_index_session(con, _FakeClient(), D)
+        assert m == 4 and dr == 2          # 2 symbols x 2 minute bars, x1 daily each
+        spy = _preload_spy(con)            # the labeler's market-context source
+        assert D in spy and len(spy[D]) == 2
+        assert set(spy[D].columns) >= {"timestamp", "open", "high", "low", "close"}
+    finally:
+        con.close()