Continued QQQ Technical Weakness

QQQ shows technical weakness with price consolidation below 630 resistance. Current EMAs (5:617.37, 9:619.24, 20:619.58, 50:617.42) suggest flat momentum. SPY displays similar patterns, trading above clustered EMAs (686.90-688.38 range). Low VIX levels (15.84-16.75) mask underlying volatility concerns. Key support zones: QQQ 617-620, SPY 686-688. Resistance levels: QQQ 630, SPY 694. Market internals show divergence despite index strength. Watch for potential break below EMA50 for confirmation of bearish momentum.