SPY closed above the 21 EMA for the first time in this streak. Price sits at 765.16, just under the 8 EMA at 766.15. The 8 and 21 are stacked tight and turning up. All major MAs remain in bullish order with the 50 well above the 200. This is a constructive tape holding higher.
QQQ notched its 2nd straight close below the 21 EMA. Price at 709.24 sits under both the 8 and 21, which are clustered near 713. The 50 SMA at 710.89 is now overhead resistance. Tech is lagging SPY here and needs to reclaim the 21 to stabilize.
VIX 15.20 (-6.98%)
Opening
Net premium leans bullish by $46.8M on $122.6M bullish against $75.7M bearish. NVDA led at $14.5M with AMD and CRM behind it. Bearish flow was scattered and smaller, topped by PLTR at $7.5M.
