Daily Flow Deep Dive — August 12, 2026
Market Pulse
SPY notches its 9th straight close above the 21 EMA at 757.54. Price sits at 772.49, well above the 8 EMA at 767.06. The full stack is aligned: 8 over 21 over 50 over 200. This is a clean uptrend with no cracks. Bulls stay in control until price loses the 8.
QQQ prints its 8th consecutive close above the 21 EMA and led today at +0.73%. Price at 723.70 sits above the 8 EMA at 715.15 and reclaimed the 50 SMA at 713.29. The 21 sits under the 50, so the shorter timeframe is stronger than the intermediate. Trend intact and pushing.
VIX 14.55 (-4.78%)
Opening
Opening directional flow leaned bull by $244.4M on nearly $400M of bullish premium. MU dominated the tape at $64.6M with CRWV and SNDK backing it. Bearish flow was thin and scattered, topped by AMD at $7.8M.
