The Nasdaq-100 futures ($NQ_F) and the Invesco QQQ Trust ($QQQ) have experienced notable trading activity and price movements in late April and early May 2025. On April 30, $QQQ surged 3.5% from its morning low, reaching its highest level since March 7, and successfully tested the 50-day simple moving average (SMA) for the first time since February 24. The $NQ_F showed strong volume pivots around key levels such as 853, 036, and 045 on 10-minute and 30-minute charts, indicating a developing setup with potential for a breakout to the upside. Traders cautioned against shorting the market during this volume breakout, emphasizing the bullish momentum. The $QQQ price was testing the top of its 2025 Value Area and approaching the 200-day moving average, with resistance turning into support around the 476 level. Momentum levels around $QQQ 487.21 were highlighted as critical for intraday trading strategies. Despite some profit-taking and short-term pullbacks, the overall trend for $NQ_F and $QQQ remains upward, supported by strong volume and technical indicators. Key price targets for $QQQ include 488.87, with volume strikes above zero days to expiration (#0dte) options noted as influential for price movement.