QQQ PowerShares QQQ Weekly Chart Analysis: 2025-Nov-24 07:15 CT

Price Action

Last: 590.07,
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: UTrend,
3. Pvt. Evolve: Pvt high 637.01,
4. Pvt. Next: Pvt low 590.07,
5. Levels R: 637.01, 540.03,
6. Levels S: 497.84, 413.07, 259.73.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 590.07 Down Trend,
(Intermediate-Term) 10 Week: 591.68 Down Trend,
(Long-Term) 20 Week: 540.03 Up Trend,
(Long-Term) 55 Week: 497.84 Up Trend,
(Long-Term) 100 Week: 411.61 Up Trend,
(Long-Term) 200 Week: 411.61 Up Trend.

Overall Rating

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

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, confirming a short-term downtrend (DTrend) in swing pivots. However, the intermediate and long-term trends remain bullish, as indicated by the upward trajectory of the 20, 55, 100, and 200-week moving averages and the intermediate-term HiLo UTrend. Price is currently pulling back from a recent swing high (637.01) and testing the next pivot low (590.07), with key support levels at 497.84 and 413.07. The neutral bias across all session fib grids (WSFG, MSFG, YSFG) suggests a period of consolidation or indecision, possibly following an extended rally. Futures swing traders will note the divergence between short-term weakness and the underlying strength in higher timeframes, highlighting a classic retracement within a broader uptrend. This environment often features increased volatility, with potential for both sharp pullbacks and strong rebounds as the market digests recent gains.