Market Pulse
SPY closed at $766.48 on 2026-10-19. The close was below the 8-day EMA ($770.26), below the 21-day EMA ($770.09), below the 50-day SMA ($768.37), above the 100-day SMA ($757.78), above the 200-day SMA ($725.44). 2 consecutive closes below the 21 ema.
QQQ closed at $718.36 on 2026-10-19. The close was below the 8-day EMA ($730.02), below the 21-day EMA ($734.35), below the 50-day SMA ($726.68), below the 100-day SMA ($720.62), above the 200-day SMA ($675.43). 4 consecutive closes below the 21 ema.
VIX 18.44 (-7.75%)
Opening
Bullish premium dominates at $1.06B versus $501.8M bearish, a 2:1 ratio skewed heavily by a single SPX block at $470.9M. Strip out index flow and the single-name picture tightens considerably. Net read is constructively bullish but concentrated.
Options Flow Heat Map
