QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Feb-02 07:16 CT

Price Action

WSFG Weekly

MSFG Month Feb

YSFG Year 2026

Swing Pivots

Weekly Benchmarks

Overall Rating

Key Insights Summary

The QQQ weekly chart shows a strong long-term uptrend, with all major moving averages (20, 55, 100, and 200 week) trending upward and price holding well above these benchmarks. The most recent swing pivot is a high at 637.01, with the next key support at 560.74, indicating a healthy distance from major support levels. Short-term momentum remains positive, supported by an uptrend in the 5 and 10 week moving averages. However, the intermediate-term HiLo trend is neutral, suggesting some consolidation or pause in the trend after a significant rally. The price is currently within the NTZ (neutral zone) of the yearly session fib grid, reflecting a balanced environment without clear directional bias in the short to intermediate term. Overall, the chart structure favors a bullish long-term outlook, with short-term strength and intermediate-term consolidation, typical of a market digesting gains after a strong advance. No clear breakout or breakdown signals are present, and volatility appears contained within established support and resistance levels.


Chart Analysis ATS AI Generated: 2026-02-02 07:16 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.