QQQ PowerShares QQQ Weekly Chart Analysis: 2025-Oct-29 07:11 CT

Price Action

WSFG Weekly

MSFG Month Oct

YSFG Year 2025

Swing Pivots

Weekly Benchmarks

Overall Rating

Key Insights Summary

The QQQ weekly chart displays a strong bullish structure across all timeframes, with price at all-time highs and large, fast momentum bars. All benchmark moving averages (from 5-week to 200-week) are trending upward, confirming robust long-term and intermediate-term strength. The most recent swing pivot is a new high at 632.92, with the next significant support at 503.08, indicating a wide range for potential retracement. Resistance levels are being consistently broken, and support levels are rising, reflecting persistent buying pressure. The neutral bias in the session fib grids suggests price is extended above key equilibrium zones, with no immediate overbought signals. The overall trend is characterized by higher highs and higher lows, with no major reversal patterns evident. This environment is typical of a mature, trending market, where momentum and trend-following strategies have dominated. Volatility remains elevated, but the absence of significant pullbacks or consolidation phases points to continued strength in the current cycle.


Chart Analysis ATS AI Generated: 2025-10-29 07:11 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.