QQQ PowerShares QQQ Weekly Chart Analysis: 2025-Nov-20 07:15 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 recent sharp pullback from all-time highs, with large, fast-moving bars indicating heightened volatility. Short-term momentum has shifted bearish, as reflected in the current downtrend of the 5- and 10-week moving averages and the swing pivot trend. However, the intermediate- and long-term trends remain bullish, supported by upward-sloping 20-, 55-, 100-, and 200-week moving averages and a higher low structure on the swing pivots. Key resistance is established at 637.01, with immediate support at 591.34 and 585.28, followed by deeper levels at 522.85 and 422.67. The market is currently in a corrective phase within a broader uptrend, suggesting a potential consolidation or retracement after an extended rally. The neutral bias on the session fib grids across all timeframes highlights a pause in directional conviction, possibly awaiting new catalysts or confirmation of trend continuation or reversal. The overall structure suggests the market is digesting gains, with the potential for either a resumption of the uptrend or a deeper correction depending on how price reacts to the current support levels.


Chart Analysis ATS AI Generated: 2025-11-20 07:15 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.