QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Feb-09 07:17 CT

Price Action

Last: 609.65,
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: DTrend,
3. Pvt. Evolve: Pvt high 636.60,
4. Pvt. Next: Pvt low 552.83,
5. Levels R: 637.01, 636.60,
6. Levels S: 552.83, 509.74, 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: 593.84 Up Trend,
(Long-Term) 55 Week: 519.31 Up Trend,
(Long-Term) 100 Week: 513.00 Up Trend,
(Long-Term) 200 Week: 426.44 Up Trend.

Overall Rating

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

Key Insights Summary

The QQQ weekly chart shows a strong long-term uptrend, as evidenced by all major moving averages (20, 55, 100, 200 week) trending higher and well below current price. However, both short-term and intermediate-term swing pivot trends have shifted to the downside, with the most recent pivot high at 636.60 and the next key support at 552.83. Price has pulled back sharply from recent highs, producing large bars and fast momentum, indicating increased volatility and a possible corrective phase. The neutral bias across all session fib grids (WSFG, MSFG, YSFG) suggests a period of consolidation or indecision, with price currently within the NTZ zone. Key resistance remains at the recent highs (637.01, 636.60), while multiple support levels below could be tested if the pullback continues. Overall, the market is in a corrective mode within a larger bullish structure, with swing traders watching for signs of stabilization or reversal at support for potential trend continuation.