Market Pulse
SPY holds above the 21 EMA for a third straight close despite a -0.39% day. Price sits at 770.19, still stacked above the 8, 21, 50, and 200. The 8 EMA at 768.26 is the near line to watch. Trend structure stays intact.
QQQ closed green and posted its second straight close above the 21 EMA. Price at 718.96 clears the 8, 21, 50, and 200. The 50 SMA at 711.09 is the floor bulls want to defend. Structure remains constructive.
VIX 14.53 (+1.47%)
Opening
Opening directional flow leaned bull by $210.7M, with $335.9M bullish against $125.2M bearish. Semis carried the tape led by SNDK at $47.0M and MU at $45.6M. Bearish premium stayed light and scattered.
