Daily Flow Deep Dive - August 3, 2026
Market Pulse
SPY closed up 1.42% and posted its 2nd straight close above the 21 EMA. Price sits well above the 8, 21, and 50, which are all stacked tight near 744. The 200 SMA at 697.91 is far below. Bulls have control of this tape.
QQQ ran 1.76% and printed its 1st close above the 21 EMA. Price at 700 is still below the 50 SMA at 714.51, so this is a recovery attempt, not a confirmed uptrend. The 8 EMA remains under the 21, a bearish cross that has not resolved. Watch for follow-through above the 50 to flip the structure.
VIX 15.86 (-0.81%)
Opening
Bullish premium dominated at $679.9M versus $175.2M bearish, a clean net BULL read of $504.7M. Semis led with SMH at $54.1M and MU at $24.3M, joined by MSFT at $47.1M and GOOGL at $26.0M. Bearish flow was scattered and small, topped by XOP at $9.9M.
