The QQQ weekly futures chart shows a market in consolidation after a strong rally, with price currently sitting at 616.68, just below recent swing highs (R1: 636.60, R2: 637.01). The short-term swing pivot trend has shifted to a downtrend, indicating a pullback from resistance, while the intermediate-term HiLo trend remains neutral, reflecting indecision and a lack of clear direction. The price is holding above the 20, 55, 100, and 200-week moving averages, all of which are trending upward, supporting a bullish long-term structure. However, the 10-week MA has turned down, suggesting some intermediate-term weakness or pause in momentum. Key support levels to watch are 570.07 and 472.67, with the next major resistance at the recent highs. The neutral stance across the session fib grids and the presence of a neutral NTZ bias indicate a market in balance, awaiting a catalyst for the next directional move. Volatility has moderated, and the market is digesting gains, with no clear breakout or breakdown signal at this time. This environment is typical of a consolidation phase following a strong trend, where futures swing traders may observe for either a continuation breakout above resistance or a deeper retracement toward support.