The Invesco QQQ Trust (QQQ) has experienced notable volatility, rising to 531.50, a key momentum level, after starting the week at a low of 510. Analysts have observed that the movement is influenced by a substantial put wall at the 510 level, with many March $510 short puts still open. Despite the recent gains, some traders caution that the market remains sensitive to resistance levels, as previous attempts to break through similar thresholds have faced rejections. The overall sentiment among traders indicates a cautious optimism, with expectations of reaching a monthly all-time high.