QQQ PowerShares QQQ Weekly Chart Analysis: 2024-Nov-03 18:06 CT

Price Action

• Last: 478.09,
• Bars: Medium,
• Mom: Average.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2024

• Long-Term
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: UTrend,
• YSFG vs Prior YSFG: Open higher.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 501.35,
• 4. Pvt. Next: Pvt low 453.63,
• 5. Levels R: 503.52, 501.35,
• 6. Levels S: 441.72, 413.07, 385.19, 259.73.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 404.14 Up Trend,
• (Intermediate-Term) 10 Week: 432.08 Up Trend,
• (Long-Term) 20 Week: 478.09 Up Trend,
• (Long-Term) 55 Week: 447.43 Up Trend,
• (Long-Term) 100 Week: 389.93 Up Trend,
• (Long-Term) 200 Week: 362.08 Up Trend.

Overall Rating

• Short-Term: Bullish,
• Intermediate-Term: Neutral,
• Long-Term: Bullish.

Key Insights Summary

The QQQ chart shows a strong long-term uptrend with price action above key moving averages, indicating bullish momentum. Short-term trends are also bullish, supported by recent swing highs. Intermediate-term trends are neutral, suggesting potential consolidation. The market has opened higher compared to the previous year, reinforcing the long-term bullish outlook. Traders should watch for potential resistance at recent highs and support levels for signs of trend continuation or reversal.