QQQ PowerShares QQQ Daily Chart Analysis: 2026-Feb-23 07:10 CT

Price Action

• Last: 614.25,
• Bars: Medium,
• Mom: Momentum slow.

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 Low 594.24,
• 4. Pvt. Next: Pvt High 635.00,
• 5. Levels R: 636.60, 637.01, 631.72, 630.00, 614.34,
• 6. Levels S: 594.24, 580.74, 561.88.

Daily Benchmarks

• (Short-Term) 5 Day: 602.20 Down Trend,
• (Short-Term) 10 Day: 606.28 Down Trend,
• (Intermediate-Term) 20 Day: 615.94 Down Trend,
• (Intermediate-Term) 55 Day: 613.48 Down Trend,
• (Long-Term) 100 Day: 614.25 Down Trend,
• (Long-Term) 200 Day: 583.08 Up Trend.

Additional Metrics

• ATR: 27.06,
• VOLMA: 55M.

Overall Rating

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

Key Insights Summary

The QQQ daily chart currently reflects a market in a corrective phase, with both short-term and intermediate-term trends pointing downward. Price action is characterized by medium-sized bars and slow momentum, indicating a lack of strong directional conviction. The most recent swing pivot is a low at 594.24, with the next potential reversal at a swing high of 635.00, suggesting the market is closer to support than resistance. Multiple resistance levels cluster above current price, while support is defined at 594.24 and further down at 580.74. All key moving averages except the 200-day are trending down, reinforcing the prevailing bearish tone in the short and intermediate timeframes. The 200-day MA remains in an uptrend, which tempers the long-term outlook to neutral. Volatility, as measured by ATR, is moderate, and volume is steady but not elevated. The market appears to be consolidating after a recent sell-off, with price action contained within the monthly and weekly neutral zones. No clear breakout or reversal pattern is evident, and the environment remains choppy, favoring mean reversion and range-bound strategies over trend-following in the immediate term.