Daily Flow Deep Dive — July 14, 2026
Market Pulse
SPY closes at 751.83, up 0.36%, notching its 11th straight close above the 21 EMA. The stack is clean: price over the 8, 21, 50, and 200 in order. Bulls own this tape and every dip is being bought. No reason to fight it until the 21 EMA cracks.
QQQ pops 1.12% to 719.69 and reclaims the 21 EMA for the first close above it. The 8 and 21 are pinned tight at 718 to 719 with price now leading. Still just one close above so the trend here is fresh, not established. Watch whether it holds the 21 into tomorrow.
VIX 16.50 (-3.85%)
Opening
Bullish premium outpaced bearish more than 3 to 1, net $320.8M long. Semis dominated the tape with TSM at $49.5M, SMH at $36.4M, and MU at $28.7M leading the board. Bearish flow was scattered and small by comparison.
Options Flow Heat Map
Dark Pool Heat Map
Dark Pool Side Accuracy
The prints shown here represent filtered institutional block activity from the raw SIP tape. Extended-hours clearing prints, broker-matched crosses, and post-close settlement noise are removed before scoring. Side direction is classified using execution price relative to the live bid/ask at each print — the AGG% score shows how decisively price crossed the spread: 100% swept the ask, 0% hit the bid.
Prints marked ◆ carry the highest conviction. A corresponding options hedge was detected on the same name within 30 seconds, independently confirming both the block and its direction via Black-Scholes delta matching. Where the options tape and dark pool agree on the same name simultaneously, the signal is institutional across both markets.
For unconfirmed prints, side is a strong inference. Confidence is highest in liquid, tight-spread names. In wide markets or lower-ADV names, treat direction as context rather than conviction until corroborated by the options tape or the technical picture.
