Daily Morning Brief; July 02, 2026
Market Overview
The SPY is going for its 4th straight close above the 21 EMA and the stack is back in order with the 8 sitting above the 21. That flush down to 716 on the 26th got bought aggressively and we’ve been climbing ever since. Price is holding above 744 with the 8 EMA at 741.67 acting as the nearer support now. The 50 day at 735.91 is well below us and rising, and with the VIX back down at 16.6 there’s no fear in the tape. As long as we stay above the 8 this trend keeps grinding higher.
You will note that some days there are as many as 10 trades discussed but today, for example, there are only five. The reason is simple. Rarity names are just a function of the flow and how many there are by noon on a given day. The top-sets ups are scored by me based upon macro, structure, sector, flow and technicals. Flow can be notable but my preference is to lead with the strongest flow. There is a Signals Dashboard in the Discord that scores every pure directional trade that comes through the curated and classified flow that is >= 30 dte.
