Bullish QQQ Recovery Underway

• QQQ close: 621.26 → 608.06 → 622.72 (3-day recovery)
• EMA levels: 5(619.80), 9(619.84), 20(619.77) - all converging
• VIX declining: 20.09 → 15.64 (volatility compression)
• Recovery rate: +2.4% from low, still below Jan 19 close
• Key level: Need closing above 619 for confidence in low
• Market breadth improving with broad-based sector strength

QQQ shows strong technical recovery after Jan 20 decline:

QQQ has reclaimed the 620 handle with declining volatility and improving market breadth, suggesting a technical bottom formation. Recovery pace has been steady but still requires breaking above the 619-620 resistance zone for confirmation.