QQQ PowerShares QQQ Weekly Chart Analysis: 2025-Nov-17 07:14 CT

Price Action

WSFG Weekly

MSFG Month Nov

YSFG Year 2025

Swing Pivots

Weekly Benchmarks

Overall Rating

Key Insights Summary

The QQQ weekly chart shows a notable shift in short-term momentum, with a recent large, fast-moving bar to the downside, marking a pivot high at 637.01 and a new swing low evolving at 597.17. This signals a short-term downtrend (DTrend) even as the intermediate-term HiLo trend remains up (UTrend), reflecting underlying strength. The price is currently below the 5- and 10-week moving averages, both of which have turned down, confirming short-term bearishness. However, all long-term benchmarks (20, 55, 100, and 200 week MAs) are trending up, supporting a bullish outlook for the broader trend. Key support levels to watch are 537.49 and 413.07, with resistance at the recent high of 637.01. The neutral stance of the session fib grids (WSFG, MSFG, YSFG) suggests a period of consolidation or transition, with no clear directional bias from these frameworks. Overall, the chart reflects a classic swing trader scenario: a short-term pullback or correction within a strong intermediate and long-term uptrend, potentially setting up for future trend continuation after this retracement phase.


Chart Analysis ATS AI Generated: 2025-11-17 07:14 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.