QQQ PowerShares QQQ Daily Chart Analysis: 2025-Aug-03 18:09 CT

Price Action

• Last: 553.88,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

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

MSFG Month Aug

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

YSFG Year 2025

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 550.00,
• 4. Pvt. Next: Pvt high 574.63,
• 5. Levels R: 574.63, 561.30, 547.63,
• 6. Levels S: 540.13, 523.65, 511.68, 505.58, 409.57.

Daily Benchmarks

• (Short-Term) 5 Day: 566.08 Down Trend,
• (Short-Term) 10 Day: 565.03 Down Trend,
• (Intermediate-Term) 20 Day: 560.44 Down Trend,
• (Intermediate-Term) 55 Day: 540.13 Up Trend,
• (Long-Term) 100 Day: 510.54 Up Trend,
• (Long-Term) 200 Day: 506.44 Up Trend.

Additional Metrics

• ATR: 733,
• VOLMA: 32,709,273.

Overall Rating

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

Key Insights Summary

The QQQ daily chart shows a notable shift in short-term momentum, with a fast and sharp move lower as evidenced by large bars and a decisive break below the short-term moving averages. The short-term swing pivot trend has turned down (DTrend), and the 5, 10, and 20-day moving averages are all in a downtrend, confirming short-term weakness. However, the intermediate-term HiLo trend remains up, and the 55, 100, and 200-day moving averages are still trending higher, indicating that the broader uptrend is intact for now. Key resistance is overhead at 574.63, with multiple support levels below, the nearest being 540.13. Volatility has increased (high ATR), and volume is elevated, suggesting strong participation in the recent move. The market is currently in a corrective phase within a longer-term uptrend, with price action testing key support zones. The overall structure suggests a short-term bearish bias, but the intermediate and long-term trends remain constructive, with the potential for stabilization or a reversal if support holds.