QQQ PowerShares QQQ Daily Chart Analysis: 2026-Apr-24 07:05 CT

Price Action

• Last: 651.42,
• 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: UTrend,
• 3. Pvt. Evolve: Pvt High 650.92,
• 4. Pvt. Next: Pvt Low 638.40,
• 5. Levels R: 651.42, 650.92, 646.25, 642.66, 639.05, 638.40,
• 6. Levels S: 615.00, 607.62, 605.00, 601.96, 600.32, 555.60.

Daily Benchmarks

• (Short-Term) 5 Day: 631.56 Up Trend,
• (Short-Term) 10 Day: 617.11 Up Trend,
• (Intermediate-Term) 20 Day: 609.94 Up Trend,
• (Intermediate-Term) 55 Day: 612.04 Up Trend,
• (Long-Term) 100 Day: 600.32 Up Trend,
• (Long-Term) 200 Day: 607.52 Up Trend.

Additional Metrics

• ATR: 733,
• VOLMA: 32,709,273.

Overall Rating

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

Key Insights Summary

The QQQ daily chart shows a strong bullish momentum with large price bars and fast acceleration, as evidenced by the recent breakout above multiple resistance levels. All benchmark moving averages (from short to long-term) are in uptrends, confirming broad-based strength across timeframes. The swing pivot structure is in a clear uptrend, with the most recent pivot high at 650.92 and the next potential pivot low at 638.40, suggesting the market is in an extension phase after a sharp rally from the April lows. The ATR remains elevated, indicating heightened volatility, while volume is robust, supporting the move. The price is well above all major moving averages, and resistance levels are being taken out sequentially. There is no immediate sign of reversal or exhaustion, and the neutral bias on the session fib grids suggests the move is technically clean rather than overextended. For a futures swing trader, the environment is characterized by strong trend continuation, with the potential for further upside as long as the uptrend structure and moving average alignment persist.