The QQQ weekly chart shows a market in transition. Price action is consolidating near recent highs, with medium-sized bars and average momentum, suggesting a pause after a strong rally. The short-term swing pivot trend remains up, but the intermediate-term HiLo trend has shifted down, indicating a possible retracement or correction phase. Resistance is established at 637.01 and 620.21, while support levels are layered below at 589.62, 558.88, and further down to 420.96, reflecting prior swing lows and major moving averages. Benchmark moving averages show a mixed picture: short/intermediate-term (5 and 10 week) MAs are in a downtrend, while all long-term MAs (20, 55, 100, 200 week) remain in strong uptrends, confirming the underlying bullish structure. The neutral stance of the Weekly and Monthly Session Fib Grids, along with the Yearly grid, suggests a lack of clear directional conviction in the short to intermediate term. Overall, the chart reflects a market digesting gains, with potential for further consolidation or a pullback before any renewed uptrend. The long-term trend remains bullish, but swing traders should be attentive to evolving support and resistance levels as the market tests the durability of the recent highs.