In the latest trading session, the SPDR S&P 500 ETF Trust (SPY) showed signs of recovery, closing near its weekly 20-day simple moving average (SMA) after a pullback earlier in the week. Analysts noted that SPY had fallen below the 21-week exponential moving average (EMA) but managed to reclaim it in the final minutes of trading, marking a potential bullish signal. However, the Invesco QQQ Trust (QQQ) closed below its 20-day SMA for the first time since September, indicating a bearish trend. Market observers are watching key levels, with SPY needing to clear the 600 mark to sustain upward momentum, while a drop back to the 570.55 area is also possible if the market rolls over. Other stocks like MicroStrategy (MSTR) and Amazon (AMZN) are also being monitored for their performance relative to their respective moving averages.