QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Apr-07 07:08 CT

Price Action

• Last: 533.59,
• 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 533.59,
• 4. Pvt. Next: Pvt high 620.20,
• 5. Levels R: 637.01, 636.60, 620.20,
• 6. Levels S: 533.59, 472.67, 413.07, 259.73.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 584.42 Down Trend,
• (Intermediate-Term) 10 Week: 567.24 Down Trend,
• (Long-Term) 20 Week: 607.29 Down Trend,
• (Long-Term) 55 Week: 573.53 Down Trend,
• (Long-Term) 100 Week: 540.09 Down Trend,
• (Long-Term) 200 Week: 438.98 Up Trend.

Overall Rating

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

Key Insights Summary

The QQQ weekly chart reveals a clear corrective phase following a significant rally, with price currently anchored at a recent swing low (533.59) and all major moving averages (except the 200-week) trending downward. Both short- and intermediate-term swing pivot trends are down, confirming a prevailing bearish bias in the current cycle. Resistance is stacked overhead at 620.20 and the prior highs near 637, while support levels are spaced below at 472.67 and 413.07, indicating room for further downside if selling persists. The slow momentum and medium-sized bars suggest a controlled pullback rather than panic selling, with price consolidating near the lower boundary of the yearly session fib grid. The long-term trend remains neutral as the 200-week MA still trends up, but the loss of upward momentum in shorter benchmarks signals caution for bullish continuation. The market is in a corrective retracement phase, with no clear reversal yet, and is likely to remain choppy until a decisive move above resistance or a breakdown below key support occurs.