Daily Flow Deep Dive — July 30, 2026
Market Pulse
SPY rallied 1.68% but this marks a 6th straight close below the 21 EMA. Price sits at 741.69, still under both the 21 EMA at 742.65 and the 50 SMA at 743.92. The 8 EMA at 740.04 flipped back to support intraday. The 200 SMA way down at 696.96 keeps the bigger picture intact. Reclaim the 21 EMA to void the short-term downtrend.
QQQ popped 3.30% but remains buried below its 21 EMA for a 12th straight close. Price at 683.55 is still well under the 21 EMA at 698.03 and the 50 SMA at 715.01. The 8 EMA at 684.42 caps price right here. This is a persistent downtrend that needs a lot of work to repair. The 200 SMA at 643.39 is the deeper floor.
VIX 17.09 (-17.28%)
Opening
Bullish premium led at $673.3M against $233.4M bearish for a net BULL read of $439.9M. MSFT topped the tape at $71.6M with semis stacking up behind it in MU, SMH, and SNDK. The only real bearish size showed in GLD and JPM.
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.
