$QQQ, the Invesco QQQ Trust, is showing signs of recovery, approaching its all-time high (ATH) after significant gains in the tech sector. As of October 14, 2024, the index is trading at nearly 499, marking its highest level since July 16. Analysts note that the gap to reach a new ATH is narrowing, with a critical support level identified at 495.3. The recent rally has been attributed to strong performances in technology stocks, particularly Netflix ($NFLX), which has contributed to the bullish sentiment. Market participants are closely monitoring how $QQQ will manage overhead supply as options expiration approaches on Friday.