U.S. equity markets experienced strong gains this week, with the Nasdaq-100 ETF (QQQ) closing 9% higher from Monday's lows and becoming positive for the month. The Nasdaq-100 Index (NDX) marked an April 2025 high of 19,707.34 and is now halfway back from its year low of 19,382.405. QQQ posted an outside week, with a higher low and higher high compared to the week of April 9, 2025, and closed over 454.40. The S&P 500 Index (SPX) closed above the 5,500 resistance area, retracing more than 50% of its recent decline and now positioned between its 2025 lows and all-time highs. The SPX is currently 5.8% below its year-to-date high, with bulls targeting a rally toward the 50-day moving average, approximately 2-2.5% away. The index has closed above its 200-hour moving average for the first time in nine weeks, though a 'death cross' remains in play on the 4-hour chart and is nearing on the daily chart. QQQ is trading at 24 times earnings and gained 6% over the past week. The ETF is 2% below its 10-week moving average. Major equity ETFs, including QQQ, SPY, and IWM, are drawing attention as investors monitor flows and performance. The market's technical setup is being evaluated for potential moves above key resistance levels.