Daily Flow Deep Dive - August 5, 2026
Market Pulse
SPY notched its 4th straight close above the 21 EMA. Price at 769.79 sits well above the 8 EMA at 755.16 and the 21 EMA at 748.91. The full stack is aligned bullish with the 50 SMA at 745.72 under the 21 EMA and the 200 SMA far below at 699.04. Small red day but the structure stays intact.
QQQ held above the 21 EMA for a 3rd straight close but dropped 0.90% on the day. Price at 717.30 is stretched above the 8 and 21 EMAs, both clustered near 701. The 50 SMA at 714.72 now sits below price after being resistance. Watch the gap between price and the moving averages here.
VIX 15.81 (-4.18%)
Opening
Net premium ran bullish by $249.6M on $363.7M bought versus $114.1M sold. Semiconductor and memory names led the tape with TSM at $49.8M, MU at $29.0M, and AMD at $24.5M. Bearish flow was scattered and light, topped by SPCX at $17.9M.
