$QQQ, the Invesco QQQ Trust, closed at $499.52 during the U.S. trading session on January 13, 2025. Analysts noted that this level is a key momentum point, with $497.52 identified as a significant support level. The QQQ maintained its position above the 500/20 simple moving average (SMA) weekly support. In after-hours trading, the QQQ rose to $507.77, reflecting bullish sentiment. Market observers indicated that the upward movement could indicate a potential turning point, with over 400 liquid names showing bullish reversal patterns. The S&P 500 (SPX) is also approaching its weekly 20 SMA, with traders emphasizing the importance of closing above this level by the end of the week.