Daily Morning Brief; August 06, 2026
Market Overview
The SPY is going for its 5th straight close above the 21 EMA and the stack is clean with the 8 sitting well above at 758. We got a strong run off the July 31 close and price pushed up to 776 before easing back the last two sessions. This is a healthy digestion after a big move, not a breakdown. The 8 EMA at 758 is your nearer support if this wants to cool off, and as long as we hold above the 21 at 750 the trend stays intact. VIX at 15.5 tells you there’s no fear in here.
