QQQ PowerShares QQQ Daily Chart Analysis: 2026-Mar-16 07:08 CT

Price Action

• Last: 593.72,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Mar

• 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 591.33,
• 4. Pvt. Next: Pvt high 605.70,
• 5. Levels R: 636.60, 637.01, 614.93, 610.72, 605.70, 598.44, 591.33,
• 6. Levels S: 591.33, 580.74.

Daily Benchmarks

• (Short-Term) 5 Day: 593.16 Down Trend,
• (Short-Term) 10 Day: 600.46 Down Trend,
• (Intermediate-Term) 20 Day: 605.70 Down Trend,
• (Intermediate-Term) 55 Day: 614.93 Down Trend,
• (Long-Term) 100 Day: 610.72 Down Trend,
• (Long-Term) 200 Day: 590.64 Up Trend.

Additional Metrics

• ATR: 733,
• VOLMA: 32709273.

Overall Rating

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

Key Insights Summary

The QQQ daily futures chart is currently exhibiting a bearish structure in both the short- and intermediate-term timeframes, as indicated by the prevailing downtrends in swing pivots and all key moving averages except the 200-day, which remains in an uptrend and is now acting as a potential support zone. Price has recently tested and bounced near the 591.33 swing low support, but momentum remains slow and bars are medium-sized, suggesting a lack of strong conviction from either buyers or sellers. The market is consolidating within the lower bounds of the recent monthly and weekly session fib grids, with no clear directional bias from the session grids themselves. Volatility, as measured by ATR, is elevated, and volume is moderate. The overall technical landscape points to a market in a corrective or consolidation phase after a prior selloff, with the potential for further downside if support at 591.33 fails, or a possible relief bounce if buyers step in at these levels. The long-term trend remains neutral as price is hovering near the 200-day moving average, making this a key area to watch for any sustained directional move.