QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Apr-08 07:07 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 620.00,
• 5. Levels R: 637.01, 636.60, 620.00,
• 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: 567.92 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 market in corrective mode after a significant rally, with price currently at 533.59 and momentum slowing. Both short-term and intermediate-term swing pivot trends are down, confirmed by the most recent pivot low and a series of lower highs. Resistance is stacked above at 620.00 and the prior swing highs near 637, while support is found at the current pivot low and further below at 472 and 413. All major moving averages except the 200-week are trending down, reinforcing the prevailing bearish tone in the short and intermediate timeframes. The 200-week MA remains in an uptrend, suggesting the longer-term structure is still intact, but under pressure. The price is consolidating within the yearly NTZ, with no clear directional bias from the session fib grids, indicating a pause or potential basing phase. Volatility has contracted, and the market is digesting prior gains, with no immediate signs of reversal. The overall environment is characterized by corrective action, with the potential for further downside or sideways movement until a new swing high is established or key resistance levels are reclaimed.