The Invesco QQQ Trust (ticker symbol $QQQ), which tracks the Nasdaq-100 Index, has reached new all-time highs in early August 2025. Market indicators show a strong momentum with the Nasdaq futures (NQ) reaching levels around 24,000. The $QQQ's Relative Strength Index (RSI) has climbed above 70, signaling strong buying pressure similar to that observed in the S&P 500 ETF ($SPY), which is near an RSI of 69. Market participants are optimistic about further gains, with some traders positioning for higher prices based on the current tight trading range.