Daily Morning Brief; June 30, 2026
Market Overview
The SPY is going for its 2nd straight close above the 21 EMA after that ugly dip down to 716 last week. Today’s bounce off the 8 and 21 stacked right on top of each other at 739 shows buyers stepped back in, and price is now sitting up at 746. The 50 day at 734 held as support through the chop, which is constructive. VIX back under 17 tells you the panic has bled out. The 8 and 21 are basically glued together so we want to see them start fanning back out to the upside to confirm this leg.
Top Setups — 5 Signals
GE — BULL · MEGA
Puts Sold · Strike: 315.0 · Exp: Aug26 7th · 5000 contracts · $1.3M
GE is running well above the 21 EMA at 347 with price up at 372 and the 8 EMA at 365 acting as the nearer dynamic support. Someone sold 5,000 of the Aug 315 puts for $1.3M, a clean bullish bet that price stays well above that strike. IV rank is pegged near the top so selling premium here makes sense, and the weekly structure with higher highs and higher lows backs the trend.
