QQQ PowerShares QQQ Daily Chart Analysis: 2026-Apr-08 07:07 CT
Price Action
- Last: 588.59,
- 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 590.41,
- 4. Pvt. Next: Pvt Low 572.17,
- 5. Levels R: 609.42, 611.29, 621.98, 636.60,
- 6. Levels S: 595.25, 572.17, 555.60.
Daily Benchmarks
- (Short-Term) 5 Day: 578.66 Up Trend,
- (Short-Term) 10 Day: 570.04 Up Trend,
- (Intermediate-Term) 20 Day: 588.84 DTrend,
- (Intermediate-Term) 55 Day: 598.86 DTrend,
- (Long-Term) 100 Day: 609.42 DTrend,
- (Long-Term) 200 Day: 595.25 DTrend.
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 strong short-term recovery with fast momentum and large bars, indicating aggressive buying off recent lows. The short-term pivot trend has shifted to an uptrend, supported by both the 5-day and 10-day moving averages turning higher. However, intermediate and long-term trends remain bearish, as reflected by the 20, 55, 100, and 200-day moving averages all trending down. The intermediate-term HiLo trend is still in a downtrend, and significant resistance levels cluster above current price, notably at 595.25 and 609.42. Support is established at 572.17 and 555.60, marking the recent swing low and a key inflection point. Volatility remains elevated (ATR 733), and volume is robust, suggesting active participation. The market is in a potential counter-trend rally within a broader bearish structure, with price currently testing the underside of major moving averages and resistance. This environment is characterized by high volatility, sharp reversals, and the potential for both continuation and rejection at key levels.
Chart Analysis ATS AI Generated: 2026-04-08 07:07 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.