QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Apr-12 18:05 CT

Price Action

• Last: 601.77,
• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 601.77,
• 4. Pvt. Next: Pvt low 573.53,
• 5. Levels R: 637.01, 636.60, 622.47,
• 6. Levels S: 573.53, 555.60, 472.67, 413.07, 342.35, 259.73.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 584.42 Up Trend,
• (Intermediate-Term) 10 Week: 567.04 Up Trend,
• (Long-Term) 20 Week: 601.77 Up Trend,
• (Long-Term) 55 Week: 533.59 Up Trend,
• (Long-Term) 100 Week: 490.36 Up Trend,
• (Long-Term) 200 Week: 438.98 Up Trend.

Overall Rating

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

Key Insights Summary

The QQQ weekly chart shows a market in consolidation after a strong multi-year uptrend. Price is currently near the 20-week moving average, which is acting as dynamic support, and all major long-term moving averages remain in uptrends, confirming underlying bullish structure. However, momentum has slowed, and the most recent swing pivot high at 601.77 is being tested, with resistance overhead at 622.47 and 636.60. The short-term swing pivot trend is up, but the intermediate-term HiLo trend has shifted down, indicating a possible corrective phase or pause within the broader uptrend. Support levels are well-defined below, with the nearest at 573.53 and 555.60. The neutral bias across the session fib grids (weekly, monthly, yearly) and the lack of directional momentum suggest the market is in a wait-and-see mode, potentially digesting prior gains. Volatility has moderated, and price action is neither strongly trending nor reversing, which is typical of a consolidation or basing phase after a significant rally. Swing traders may observe for a breakout above resistance or a breakdown below support to signal the next directional move.