Bullish QQQ regains EMA

• QQQ closes rose from 608.06 (Jan 20) to 625.46 (Jan 26), a 2.9% gain over five sessions.
• EMA5 = 624.98, EMA9 = 623.09, EMA20 = 621.55, EMA50 = 618.83; price is now just above EMA5 and EMA9.
• VIX edged up to 16.15 (Jan 26) from 15.64 (Jan 22), indicating a modest rise in implied volatility.
• SPY climbed from 677.56 (Jan 20) to 692.73 (Jan 26), up ~2.2%, supporting the broader market rally.
• Technical outlook: the bounce cleared the 619‑level threshold mentioned in commentary, but a decisive move above EMA20/EMA50 is still needed to confirm a full bullish reversal.
• Sentiment: headlines on tariff relief and broad sector strength (energy, technology) reinforce the near‑term bullish bias, while lingering VIX levels suggest caution.

TICKER: QQQ