QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Apr-06 07:06 CT

Price Action

• Last: 573.11,
• Bars: Medium,
• Mom: Momentum slow.

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 573.11,
• 4. Pvt. Next: Pvt high 636.60,
• 5. Levels R: 637.01, 636.60,
• 6. Levels S: 542.35, 422.67, 413.07, 259.73.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 580.08 Down Trend,
• (Intermediate-Term) 10 Week: 608.44 Down Trend,
• (Long-Term) 20 Week: 634.42 Down Trend,
• (Long-Term) 55 Week: 540.09 Up Trend,
• (Long-Term) 100 Week: 513.24 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 notable shift in momentum, with the most recent swing pivot confirming a downside trend in both short- and intermediate-term timeframes. Price has pulled back from the recent highs near 637, breaking below key moving averages (5, 10, and 20 week), all of which are now trending down. This signals a corrective phase or retracement within a broader bullish structure, as the longer-term 55, 100, and 200 week moving averages remain in uptrends, supporting the underlying bullish bias. The current price sits just above a key support zone (542.35), with further downside potential toward deeper support levels if selling persists. Resistance is clearly defined at the recent highs (636.60, 637.01). The neutral stance of the session fib grids across all timeframes suggests a period of consolidation or indecision, possibly awaiting a catalyst. Overall, the chart reflects a corrective pullback within a long-term uptrend, with swing traders watching for signs of stabilization or reversal at support, or further breakdown if momentum accelerates to the downside.