QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Apr-01 07:08 CT
Price Action
- Last: 571.18,
- Bars: Large,
- Mom: Momentum fast.
WSFG Weekly
- Short-Term
- WSFG Current: NA%
- F0%/NTZ' Bias: Price Neutral,
- WSFG Trend: Neutral.
MSFG Month Apr
- 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 571.18,
- 4. Pvt. Next: Pvt high 636.60,
- 5. Levels R: 637.01, 636.60, 608.48,
- 6. Levels S: 542.35, 422.67, 259.73.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 608.48 Down Trend,
- (Intermediate-Term) 10 Week: 584.08 Down Trend,
- (Long-Term) 20 Week: 608.48 Down Trend,
- (Long-Term) 55 Week: 534.09 Up Trend,
- (Long-Term) 100 Week: 500.04 Up Trend,
- (Long-Term) 200 Week: 437.59 Up Trend.
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Bearish,
- Long-Term: Bullish.
Key Insights Summary
The QQQ weekly chart shows a significant pullback from recent highs, with price currently at 571.18 after a sharp decline from the 636.60 pivot high. Large bars and fast momentum indicate heightened volatility and strong directional moves. Both short-term and intermediate-term swing pivot trends have shifted to downtrends, confirmed by the 5, 10, and 20-week moving averages all turning down. However, long-term structure remains intact, as the 55, 100, and 200-week moving averages continue to trend upward, suggesting the broader uptrend is still in place. Key resistance levels are clustered near recent highs (637.01, 636.60, 608.48), while support is found at 542.35 and further below at 422.67. The market is currently in a corrective phase within a larger bullish cycle, with price action consolidating above major long-term support. This environment is characterized by a transition from a strong rally to a corrective retracement, with potential for further volatility as the market tests support and resistance zones.
Chart Analysis ATS AI Generated: 2026-04-01 07:08 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.