Market Pulse
SPY closed at $769.05 on 2026-10-20. The close was below the 8-day EMA ($769.99), below the 21-day EMA ($769.99) but above the 50-day SMA ($768.29), the 100-day SMA ($757.92), and the 200-day SMA ($725.87). There have been 3 consecutive closes now below the 21 ema.
QQQ closed at $717.63 on 2026-10-20. The close was below the 8-day EMA ($727.27), below the 21-day EMA ($732.83), below the 50-day SMA ($726.62), below the 100-day SMA ($720.44), but above the 200-day SMA ($675.95). Now 5 consecutive closes below the 21 ema.
VIX 17.31 (-6.13%)
Opening
Single-name options flow was heavily bullish today with $88.5M in bullish premium against $23.5M bearish, a net of $65M in favor of bulls. INSM leads with $9.5M, followed by ADBE at $8.9M and AVGO at $6.4M. Bearish conviction is concentrated and scattered, with BORR topping the sell side at $4.4M.
