Daily Morning Brief; August 11, 2026
Market Overview
The SPY is going for its 8th straight close above the 21 EMA and the stack is fully intact with the 8 riding at 765.89 and the 21 back at 756.20. Price has stalled a bit up here the last few sessions but that’s constructive, digesting the run rather than giving it back. The 8 EMA is the level to lean on now, and as long as we hold above it there’s no reason to get cute. VIX at 15.3 tells you nobody is panicking. This stays a clean uptrend until we lose the 8 and start pressing the 21.
