QQQ PowerShares QQQ Daily Chart Analysis: 2026-Feb-02 07:15 CT

Price Action

• Last: 621.87,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

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

MSFG Month Feb

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

YSFG Year 2026

• 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 636.60,
• 4. Pvt. Next: Pvt Low 615.00,
• 5. Levels R: 636.60, 637.01,
• 6. Levels S: 615.00, 611.05, 607.05, 600.00, 580.74.

Daily Benchmarks

• (Short-Term) 5 Day: 623.84 Down Trend,
• (Short-Term) 10 Day: 627.13 Down Trend,
• (Intermediate-Term) 20 Day: 630.41 Down Trend,
• (Intermediate-Term) 55 Day: 611.05 Up Trend,
• (Long-Term) 100 Day: 607.05 Up Trend,
• (Long-Term) 200 Day: 572.78 Up Trend.

Additional Metrics

• ATR: 733,
• VOLMA: 32709273.

Overall Rating

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

Key Insights Summary

The QQQ daily chart currently reflects a notable shift in short-term sentiment, with a fast momentum move down from recent highs and large bar sizes indicating heightened volatility. The short-term swing pivot trend has turned down (DTrend), confirmed by the 5, 10, and 20-day moving averages all trending lower, and the next key support pivot is at 615.00. However, intermediate-term structure remains neutral, as the HiLo trend is still up and the 55-day and longer-term moving averages continue to trend higher, suggesting underlying strength. The market is consolidating near major resistance (636.60–637.01) after a failed breakout, with multiple support levels below. The neutral bias in the session fib grids (weekly, monthly, yearly) points to a lack of clear directional conviction at these higher timeframes. Volume and volatility are elevated, which may signal further choppy or two-way trade in the near term. Overall, the market is in a corrective phase within a longer-term uptrend, with the potential for further pullbacks or base-building before any renewed upside momentum.