QQQ/SPY: Early Jan Tech
The first trading days of 2026 show QQQ drifting lower, closing $613.12 (‑1.73%) on Jan 2 after a narrow range. The ETF remains below its recent peak (~$625) and sits just under the 5‑day EMA at $620.80, indicating a modest bearish bias. EMAs: 5‑day 620.