Market Bounce After Trump Tariff Relief

• QQQ shows constructive bounce from 608.06 (1/20) to 620.76 (1/22), but below key 619 resistance level
• SPY recovered from 677.56 to 688.73, needs to reclaim 6885-6886 area
• VIX spike from 15.86 to 20.09 signals elevated volatility has subsided
• Breadth improved to 4/1 bullish as market digests tariff relief news
• Economic data shows sticky inflation: CPI +0.3%, PPI +0.2%, but core metrics stable
• Technical structure suggests bounce has legs if key resistance breaks
• Gold & silver maintain upward momentum, metals likely extend gains into February
• Key levels to watch: QQQ 619+ and SPY 6885-6886 on closing basis

TICKER: QQQ