Daily Morning Brief; July 09, 2026
Market Overview
The SPY is going for its 8th straight close above the 21 EMA and the whole stack is pointed up. We reclaimed 750 today after a couple of soft closes on the 7th and 8th, and the 8 EMA at 746 held as support on the dip. That’s the level to watch now, not the 21 down at 743. VIX at 16 is calm and there’s nothing here that says the trend is in trouble. As long as we keep printing above the 8 this stays a buyers’ market.
