QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Feb-03 07:15 CT
Price Action
- Last: 620.16,
- Bars: Medium,
- Mom: Momentum average.
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: UTrend,
- (Intermediate-Term) 2. HiLo Trend: UTrend,
- 3. Pvt. Evolve: Pvt high 637.01,
- 4. Pvt. Next: Pvt low 612.80,
- 5. Levels R: 637.01,
- 6. Levels S: 612.80, 566.74, 472.67, 413.07, 342.35.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 621.12 Up Trend,
- (Intermediate-Term) 10 Week: 620.40 Up Trend,
- (Long-Term) 20 Week: 612.85 Up Trend,
- (Long-Term) 55 Week: 519.31 Up Trend,
- (Long-Term) 100 Week: 513.09 Up Trend,
- (Long-Term) 200 Week: 426.44 Up Trend.
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
The QQQ weekly chart continues to show a strong uptrend across all major timeframes, with price action holding above all key moving averages and the most recent swing pivot high at 637.01 acting as resistance. The current price is consolidating just below this resistance, with the nearest support at 612.80, suggesting a potential range-bound phase or a pause before the next directional move. Momentum remains average, and the structure of higher highs and higher lows is intact, supported by the upward-sloping 20, 55, 100, and 200-week moving averages. The neutral bias in the session fib grids indicates a lack of immediate directional conviction, but the underlying trend strength remains bullish. No significant reversal signals are present, and the market appears to be digesting gains after a strong rally, with volatility contained within established support and resistance levels. This environment favors trend-following strategies, with attention to potential breakout or pullback opportunities as the market tests key levels.
Chart Analysis ATS AI Generated: 2026-02-03 07:16 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.