Bullish QQQ Triangle Up
- QQQ closed at $616.28 (Jan 21), $620.76 (Jan 22), $622.72 (Jan 23), $625.46 (Jan 26), $631.06 (Jan 27), breaking above $630.
- EMA values: 5‑day 627.36, 9‑day 624.88, 20‑day 622.65, 50‑day 619.47 throughout the week.
- VIX fell to 16.15 (Jan 26) from 16.09 (Jan 23) and 15.64 (Jan 22), indicating lower volatility.
- SPY opened $679.65 and closed $695.51 (Jan 27); EMAs steady at 692.60/691.32/689.81/686.04.
- Journal highlights: symmetrical triangle breakout, Mag‑7 strength, QQQ target $650‑$655 into late Feb.
- Consumer Staples outperformed Technology since Jan 1, signaling a defensive rotation worth monitoring.
- Near‑term outlook bullish: SPX & QQQ projected 3‑5% gains over the coming weeks.