Daily Flow Deep Dive — August 7, 2026
Market Pulse
SPY closed at 773.26, up 0.61%. That’s 6 straight closes above the 21 EMA. Price sits well above the 8 EMA at 761.5 and every major average is stacked in order. This is a clean uptrend with no cracks on the tape.
QQQ printed 723.03, up 1.17% and leading SPY today. Five consecutive closes above the 21 EMA now. Price reclaimed and cleared the 50 SMA at 714.31, which had been overhead resistance. The 8 and 21 are tight and rising underneath. Bulls own this chart.
VIX 14.90 (-1.65%)
Opening
Net premium ran heavily bullish at $235.1M with $338.9M in calls against $103.8M in puts. META dominated the tape at $74.9M, more than three times the next name. Bearish flow was scattered and small, topping out at LITE for $5.3M.
