QQQ PowerShares QQQ Daily Chart Analysis: 2026-Feb-24 07:08 CT

Price Action

• Last: 601.41,
• 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 594.34,
• 4. Pvt. Next: Pvt High 615.04,
• 5. Levels R: 637.02, 636.60, 615.04,
• 6. Levels S: 594.34, 580.74.

Daily Benchmarks

• (Short-Term) 5 Day: 606.28 Down Trend,
• (Short-Term) 10 Day: 613.04 Down Trend,
• (Intermediate-Term) 20 Day: 614.38 Down Trend,
• (Intermediate-Term) 55 Day: 615.23 Down Trend,
• (Long-Term) 100 Day: 614.94 Down Trend,
• (Long-Term) 200 Day: 583.69 Up Trend.

Additional Metrics

• ATR: 27.09,
• VOLMA: 56M.

Overall Rating

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

Key Insights Summary

The QQQ daily chart reflects a market in a corrective phase, with both short-term and intermediate-term trends showing downside momentum. Price is currently below all key short and intermediate moving averages, which are aligned in a downtrend, while the 200-day MA remains in an uptrend, suggesting the longer-term structure is still intact but under pressure. Swing pivots confirm a dominant downtrend, with the most recent pivot low at 594.34 acting as immediate support and resistance levels clustered above near 615 and 636. Volatility, as measured by ATR, is elevated, and volume remains moderate. The market is consolidating near recent lows after a series of lower highs and lower lows, indicating a potential for further choppy or range-bound action unless a decisive breakout or reversal occurs. No clear directional bias from the session fib grids, reinforcing the neutral to bearish tone in the near term. This environment is typical of a corrective or consolidation phase within a broader uptrend, with swing traders likely monitoring for signs of exhaustion or reversal at key support/resistance levels.