The Invesco QQQ Trust Series 1 ($QQQ) has experienced a notable recovery, with the stock nearly 10 points off its lows from the previous day. Traders have observed the stock approaching its 50-day moving average (50dma), which is considered a critical level, with a prior 'reactionary' high at 516.64. The $QQQ has shown a bullish close near the highs, with some traders anticipating it could test levels up to 524-525 before potentially facing a sell-off to re-test the 50dma. The stock has also been reported to be almost +2% and holding the 50-sma, with 90% of stocks higher on the day. Additionally, the $QQQ has reached 520.27, a momentum level, and returned to Monday's highs, with a target of 532 in sight.