Market Pulse
SPY closed at $735.29 on 2026-11-06. The close was above the 200-day SMA ($730.38); below the 8-day EMA ($751.18), the 21-day EMA ($759.99), the 50-day SMA ($765.68), and the 100-day SMA ($759.53). That marks 2 consecutive closes below the 21 EMA.
QQQ closed at $656.10 on 2026-11-06. The close was below the 8-day EMA ($680.44), the 21-day EMA ($702.20), the 50-day SMA ($720.97), the 100-day SMA ($716.58), and the 200-day SMA ($680.89). That marks 7 consecutive closes below the 21 EMA.
VIX 25.64 (-9.01%)
Opening
Single-name options flow skews heavily bullish at $191.9M versus $63.8M bearish, producing a $128.1M net bull read. CCJ leads all names at $18.0M bullish, followed by SKHY at $13.4M and AVGO at $10.9M. Bearish conviction is concentrated in mega-cap tech, with MSFT at $8.1M and AMZN at $6.7M topping the downside.
