ST: Bearish, LT: Slightly Bullish
Short-term (1 week): Bearish
QQQ broke Tuesday’s lows and closed at 585.67, well below EMA20 and EMA50 (608.9, 606.6), with EMAs turning down—signaling momentum breakdown. VIX near 24.7 is elevated, implying volatility risk. Labor data is mixed: initial claims low (220k) but continuing claims