On January 17, 2025, the Nasdaq-100 ETF (QQQ) demonstrated volatility in its trading patterns, with a notable price of $514.72 observed earlier in the day. Traders reported a bullish attempt to maintain levels above $520, identifying 518.52 as a critical support line. The trading activity included substantial open interest at the $520 strike for both puts and calls. Additionally, dark pool trading activity was highlighted, with a $759 million print noted. The futures market for the Nasdaq (NQ_F) showed short-term momentum remaining negative, with session lows recorded at 21186.75 and 21187.75 following the Consumer Price Index (CPI) report. As the day progressed, traders indicated a lack of significant volume in calls above certain levels, suggesting cautious sentiment among market participants.