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

Price Action

• Last: 588.50,
• 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 High 604.61,
• 4. Pvt. Next: Pvt Low 572.17,
• 5. Levels R: 636.60, 619.28, 611.25, 609.63, 604.61,
• 6. Levels S: 572.17, 555.60.

Daily Benchmarks

• (Short-Term) 5 Day: 573.47 Down Trend,
• (Short-Term) 10 Day: 570.83 Down Trend,
• (Intermediate-Term) 20 Day: 589.44 Down Trend,
• (Intermediate-Term) 55 Day: 598.18 Down Trend,
• (Long-Term) 100 Day: 609.63 Down Trend,
• (Long-Term) 200 Day: 594.95 Down Trend.

Additional Metrics

• ATR: 885,
• VOLMA: 67,000,000.

Overall Rating

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

Key Insights Summary

The QQQ daily chart reflects a strong bearish environment across all timeframes, with price recently rebounding sharply from a significant swing low at 555.60. Despite this fast momentum bounce, all benchmark moving averages (from 5-day to 200-day) remain in downtrends, confirming persistent downside pressure. Swing pivot analysis shows the current trend is still down, with the next key support at 572.17 and major resistance levels overhead, notably at 604.61 and 609.63. The ATR is elevated, indicating heightened volatility, and volume remains robust, suggesting active participation during this recent move. The price is currently below all major moving averages, and the overall structure suggests the recent rally is a counter-trend move within a broader downtrend. Futures swing traders would note the dominance of lower highs and lower lows, with the market still in a corrective phase rather than a confirmed reversal. The environment remains choppy and volatile, with no clear evidence yet of a sustained trend change.