Just for referance - what model year Spider?
TDC with exhaust just closed and intake about to open is not TDC on compression. Remember that in a 4 cycle engine the piston goes to TDC twice. TDC on compression is where things are supposed to be measured - cam timing, ignition timing, etc.
I'm still trying to figure out how you went from a running engine with ~135 psi compression to a non-running engine with no compression...
TDC with exhaust just closed and intake about to open is not TDC on compression. Remember that in a 4 cycle engine the piston goes to TDC twice. TDC on compression is where things are supposed to be measured - cam timing, ignition timing, etc.
I'm still trying to figure out how you went from a running engine with ~135 psi compression to a non-running engine with no compression...