The Nasdaq 100 index, represented by the $QQQ ETF, is showing significant recovery from its October 2022 lows. The median price to sales ratio in the Nasdaq 100 has climbed to 6.5x, the highest level since March 2022, after bottoming at 4.2x in October 2022. Additionally, the $QQQ ETF is nearing a doubling from its October 2022 low. The $QQQ ETF quickly bounced back up about 2 points off lows with the VIX fading back to red, showing a pretty good effort so far to not break down.