QQQ PowerShares QQQ Daily Chart Analysis: 2025-Nov-23 18:14 CT

Price Action

• Last: 601.93,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2025

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 602.18,
• 4. Pvt. Next: Pvt Low 590.07,
• 5. Levels R: 637.01, 624.86, 616.83,
• 6. Levels S: 590.07, 587.16.

Daily Benchmarks

• (Short-Term) 5 Day: 601.93 Down Trend,
• (Short-Term) 10 Day: 600.01 Down Trend,
• (Intermediate-Term) 20 Day: 616.68 Down Trend,
• (Intermediate-Term) 55 Day: 587.16 Up Trend,
• (Long-Term) 100 Day: 590.07 Up Trend,
• (Long-Term) 200 Day: 543.20 Up Trend.

Additional Metrics

• ATR:733,
• VOLMA:32709273.

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Bullish.

Key Insights Summary

The QQQ daily chart shows a pronounced shift in momentum with large, fast-moving bars indicating heightened volatility and strong directional moves. Both short-term and intermediate-term swing pivot trends have turned down (DTrend), with the most recent pivot high at 602.18 and the next key support at 590.07. Resistance levels are stacked above at 616.83, 624.86, and 637.01, while support is concentrated just below current price. The 5, 10, and 20-day moving averages are all trending down, confirming short-term and intermediate-term weakness, while the 55, 100, and 200-day moving averages remain in uptrends, suggesting the longer-term structure is still intact. The ATR is elevated, reflecting increased volatility, and volume is robust. The overall technical picture points to a corrective phase within a larger bullish trend, with the market currently testing key support levels after a sharp pullback from recent highs. This environment is characterized by potential for further downside in the short to intermediate term, while the long-term trend remains constructive.