Daily Flow Deep Dive — July 10, 2026
Market Pulse
SPY closes at 754.95 for its 9th straight close above the 21 EMA. The EMA stack is clean with the 8 above the 21 above the 50. Price sits well over the 200 SMA at 691.09. This is a controlled uptrend and buyers own the tape.
QQQ is up to 725.51 on its 2nd consecutive close above the 21 EMA. The 8 and 21 are nearly stacked together at 720, showing a tight base under price. The 50 SMA at 714.59 sits just below as support. Weaker structure than SPY but the trend is turning up.
VIX 15.03 (-5.11%)
Opening
Net premium leans bullish by $86.4M on $249M bullish against $162.6M bearish. MU led all names at $34M and TSLA followed at $24.2M. The heaviest single bearish print was IREN at $44.9M with META close behind at $36.2M.
