QQQ PowerShares QQQ Weekly Chart Analysis: 2025-Aug-10 18:08 CT

Price Action

WSFG Weekly

MSFG Month Aug

YSFG Year 2025

Swing Pivots

Weekly Benchmarks

Overall Rating

Key Insights Summary

The QQQ weekly chart is displaying strong bullish momentum, with price action characterized by large bars and fast momentum, indicating aggressive buying interest. All benchmark moving averages from short to long term are in clear uptrends, confirming the strength and persistence of the current rally. The swing pivot structure shows an upward trend in both short- and intermediate-term metrics, with the most recent pivot high at 574.17 and the next significant support at 541.93. Resistance levels are being tested and surpassed, while support levels remain well below current price, suggesting a robust trend with little immediate overhead supply. The neutral bias in the session fib grids (WSFG, MSFG, YSFG) reflects a lack of significant retracement or consolidation zones, reinforcing the trend-following environment. For a futures swing trader, this environment is indicative of a strong, sustained uptrend with momentum favoring continuation moves, though the distance from major support levels highlights the potential for volatility and sharp pullbacks if sentiment shifts. The overall technical structure supports a bullish outlook across all timeframes.


Chart Analysis ATS AI Generated: 2025-08-10 18:08 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.