Daily Flow Deep Dive — June 29, 2026
Market Pulse
SPY reclaimed the 21 EMA with a 1.65% push to 741. First close above the 21 EMA after stacking under it. Price is back over the 8, 21, and 50 with the 50 SMA at 733.51 now acting as support. Bulls need a second close to confirm the flip.
QQQ led the tape with a 2.49% rip to 724.08. First close above the 21 EMA and a clean break over the 8 at 719.3. The 50 SMA sits well below at 703.79 and the 200 is miles away at 631.39. Strong recovery candle but it is one close, not a trend yet.
VIX 17.65 (-4.13%)
Opening
Net premium ran heavily bullish at $348.3M with $519.7M in calls against $171.4M in puts. MU dominated the tape at $70.1M with AMZN and NVDA backing the move. Bearish flow was small and concentrated in semi ETFs.
Options Flow Heat Map
