* 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.

* QQQ Jan 23: 622.72 close (up from 608.06 Jan 20 low) * SPY Jan 23: 689.13 close (up from 677.56 Jan 20 low) * QQQ EMAs: 5(621.71), 9(620.98), 20(620.38) * VIX decline: 16.90 → 16.09 → 16.09 (3-day trend) * Market breadth improving

* 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

* QQQ shows constructive bounce from 608.06 (1/20) to 620.76 (1/22), but below key 619 resistance level * SPY recovered from 677.56 to 688.73, needs to reclaim 6885-6886 area * VIX spike from 15.86 to 20.09 signals elevated volatility has subsided * Breadth improved to 4/

* QQQ shows constructive bounce from 608.06 (1/20) to 620.76 (1/22), but below key 619 resistance level * SPY recovered from 677.56 to 688.73, SPX needs to reclaim 6885-6886 area * VIX spike from 15.86 to 20.09 signals elevated volatility has subsided * Breadth improved to

QQQ hovered around 621–626, staying just below the key 619 – 620 EMA cluster (EMA5/9/20/50 all ~617‑618). A close above 619 would signal a potential short‑term low. SPY traded between 677‑685, with its EMAs flat near 687‑688, indicating a modest recovery after a

Both SPY and QQQ have shown constructive bounces after mid-week volatility, with SPY recovering from lows near 677.56 to close around 685.40. Technical indicators suggest the recent pullback may have found support, with EMAs providing solid foundations around 684-687 for SPY and 617-619 for QQQ. VIX has spiked

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

QQQ remains range‑bound around its flat EMAs (5 = 622.19, 9 = 622.11, 20 = 620.97, 50 = 617.92). From Jan 12 to Jan 16 the ETF traded from 622.31 to 627.17, slipped to 626.24, then fell to 619.55 before stabilizing near 621‑622—signaling