QQQ PowerShares QQQ Daily Chart Analysis: 2026-Mar-23 07:08 CT

Price Action

Last: 592.55,
Bars: Large,
Mom: Momentum fast.

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: Neutral,
3. Pvt. Evolve: Pvt Low 576.4,
4. Pvt. Next: Pvt High 614.35,
5. Levels R: 636.6, 631.92, 614.35, 608.44,
6. Levels S: 580.74.

Daily Benchmarks

(Short-Term) 5 Day: 601.85 Down Trend,
(Short-Term) 10 Day: 606.88 Down Trend,
(Intermediate-Term) 20 Day: 604.31 Down Trend,
(Intermediate-Term) 55 Day: 608.44 Down Trend,
(Long-Term) 100 Day: 614.35 Down Trend,
(Long-Term) 200 Day: 592.55 Down Trend.

Additional Metrics

ATR: 733,
VOLMA: 32,709,273.

Overall Rating

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

Key Insights Summary

The QQQ daily chart currently reflects a strong bearish momentum, with large price bars and fast momentum to the downside. All short-term and long-term moving averages are trending down, confirming persistent selling pressure. The short-term swing pivot trend is down (DTrend), and the next significant support is at 580.74, while resistance levels cluster above at 608.44, 614.35, and higher. Intermediate-term trends are neutral, suggesting the market is in a transition phase, possibly consolidating after recent volatility. The ATR is elevated, indicating heightened volatility, and volume remains robust. The overall structure shows a series of lower highs and lower lows, with recent price action breaking below key moving averages and support levels. This environment is characterized by strong downside follow-through, with no immediate signs of reversal, and the market is likely in a corrective or distribution phase after a prior uptrend.