Daily Flow Deep Dive — July 1, 2026
Market Pulse
SPY closed at 745.76, marking its 3rd straight close above the 21 EMA. Price sits above all key moving averages with the 8 EMA at 740.84 stacked over the 21 EMA at 740.03. The 50 SMA at 735.06 and 200 SMA at 688.28 confirm the broader uptrend structure. Minor red day but the trend remains intact.
QQQ dropped 1.52% to 725.17 but held above the 21 EMA for a 3rd consecutive close. Price still leads the 8 EMA at 723.56 and 21 EMA at 720.93. The 50 SMA at 707.13 and 200 SMA at 632.87 keep the longer-term picture bullish. Weaker relative action than SPY today, watch if it tests the 8 EMA.
VIX 16.59 (+0.85%)
Opening
Bullish premium led at $446.8M against $176.2M bearish for a net bull read of $270.6M. META dominated with $85.0M in bullish flow, followed by semis SMH and MU. Bearish flow was concentrated in SNOW at $22.2M.
