$QQQ, the Invesco QQQ Trust, is showing signs of a potential bullish breakout as it trades near $520, approaching a critical resistance level of $530. Market analysts note that the index has experienced a significant reversal, with positive breadth observed throughout the morning session. Current models indicate an 86% probability of the index reaching $541.52 if it maintains levels above $515.08, which is identified as a key risk trigger. Additionally, the index is less than 1% away from its all-time high resistance. The overall sentiment appears to favor prolonged trends within sideways ranges, although the $SPY index still has some progress to make.