Daily Flow Deep Dive - August 11, 2026
Market Pulse
SPY holds 8 straight closes above the 21 EMA. Price sits at 770.56 after a minor 0.32% pullback. The 8 EMA at 765.51 remains above the 21 EMA at 756.05, with both stacked over the 50 and 200. This is a clean bullish structure. Minor red day, no damage to the trend.
QQQ prints its 7th consecutive close above the 21 EMA. Price at 718.45 is off 0.34% but holding above the 8 EMA at 712.71. One thing to watch: the 50 SMA at 713.65 has crept just below price and above the 21 EMA. The stack is slightly compressed compared to SPY. Trend intact but watch that 50 SMA cluster.
VIX 15.28 (-1.16%)
Opening
Opening directional flow leans bullish by $133.2M net. SNDK led at $15.3M with NVDA close behind at $15.1M. The biggest single bearish print was IGV at $15.8M, showing hedging against software.
