QQQ PowerShares QQQ Daily Chart Analysis: 2025-Nov-06 07:15 CT

Price Action

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MSFG Month Nov

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Swing Pivots

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Key Insights Summary

The QQQ daily chart shows a recent shift in short-term momentum, with price pulling back from the recent swing high at 637.01 to a new swing low at 611.01. The short-term trend has turned down (DTrend), confirmed by both the 5-day and 10-day moving averages rolling over and the 20-day MA also trending down. However, intermediate and long-term moving averages (55, 100, 200-day) remain in uptrends, indicating underlying strength in the broader trend. The intermediate-term HiLo trend is still up, suggesting the current move may be a corrective pullback within a larger bullish structure. Volatility (ATR) is elevated, and volume remains robust, signaling active participation during this retracement. Key support levels to watch are 611.01, 598.65, and 589.08, while resistance is at 623.28 and 637.01. The overall structure suggests a short-term bearish phase within a longer-term bullish market, with the potential for further consolidation or a test of lower support before any resumption of the primary uptrend.


Chart Analysis ATS AI Generated: 2025-11-06 07:15 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.