Daily Flow Deep Dive — July 6, 2026
Market Pulse
SPY closed at 751.28, up 0.87%, and marks its 5th straight close above the 21 EMA. Price sits well above the 8 EMA at 743.84 and the full stack is aligned bullish. The 50 SMA at 736.75 and 200 SMA at 689.23 are both far below. This is a clean uptrend with no cracks in the structure.
QQQ ran 1.43% to 722.82 and just posted its 1st close above the 21 EMA. Price is nosing above the 8 EMA at 721.5 after tighter action. The 50 SMA sits at 709.88 and the 200 SMA is way down at 634.16. Follow-through on this reclaim is what matters from here.
VIX 15.57 (-3.59%)
Opening
Net premium leaned bull by $348.2M with $518.1M bullish against $169.9M bearish. Semis led with MU at $58.0M and SMH at $40.6M, backed by NVDA at $21.9M. Bearish flow was scattered and small with DVA topping at $9.9M.
