QQQ PowerShares QQQ Daily Chart Analysis: 2026-Apr-02 07:07 CT

Price Action

Last: 584.31,
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: UTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt High 587.24,
4. Pvt. Next: Pvt Low 570.20,
5. Levels R: 636.60, 619.03, 617.52, 611.29, 600.28,
6. Levels S: 555.60.

Daily Benchmarks

(Short-Term) 5 Day: 571.99 Up Trend,
(Short-Term) 10 Day: 580.46 Up Trend,
(Intermediate-Term) 20 Day: 591.95 Down Trend,
(Intermediate-Term) 55 Day: 600.28 Down Trend,
(Long-Term) 100 Day: 610.28 Down Trend,
(Long-Term) 200 Day: 594.41 Down Trend.

Additional Metrics

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

Overall Rating

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

Key Insights Summary

The QQQ daily chart shows a sharp and fast momentum rebound from recent lows, with large bullish bars indicating aggressive buying interest. Short-term swing pivots have shifted to an uptrend, but intermediate and long-term trends remain bearish, as confirmed by the downward sloping 20, 55, 100, and 200-day moving averages. Resistance levels are clustered above, with the nearest at 600.28 and major resistance at 636.60. Support is well-defined at 555.60, the recent swing low. The ATR is elevated, reflecting heightened volatility, and volume remains robust. The current environment suggests a strong short-term bounce within a broader corrective or consolidation phase, with price action testing the underside of key moving averages. Futures swing traders may interpret this as a potential counter-trend rally within a larger downtrend, with the market at a critical juncture between further recovery and possible renewed selling pressure at resistance.