Daily Flow Deep Dive June 25, 2026

Jun 25, 2026

This is the new format for the Daily Flow Deep Dive report that will be sent out to Substack subscribers every trading day. Today I am making it free for all so you can see the format. Plan is to release it at around 5 pm everyday subject to my personal schedule. You will note that I have included dark pool flow - we have very sophisticated dark pool flow available to members in the Discord that is institutional grade.

Market Pulse

SPY closed below the 21 EMA for a third straight session. Price sits at 734.30, pinned under both the 8 and 21 EMA. The 50 SMA at 732.07 is now the line in the sand and it held today. Bulls need a reclaim of 739 to flip the short-term tape.

QQQ logged a third close under the 21 EMA but showed relative strength with a +0.81% gain. Price at 716.38 remains capped by the 8 and 21 EMA cluster near 720. The 50 SMA at 700.70 is well below and intact. This is the stronger of the two indexes today.

VIX 18.89 (+1.40%)

Opening

Opening directional flow leaned bullish by $306M on $612.8M of calls versus $306.8M of puts. MU led at $50.9M with BABA and ASTS following. Bearish premium was lighter and scattered, topped by LRCX at $20M.