QQQ PowerShares QQQ Weekly Chart Analysis: 2026-May-07 07:06 CT

Price Action

• Last: 614.76,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month May

• 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 695.93,
• 4. Pvt. Next: Pvt Low 543.85,
• 5. Levels R: 695.93,
• 6. Levels S: 555.60, 422.67, 413.07, 342.35, 285.19.

Weekly Benchmarks

• (Short-Term) 5 Day: 636.59 Up Trend,
• (Short-Term) 10 Day: 612.83 Up Trend,
• (Intermediate-Term) 20 Day: 614.76 Up Trend,
• (Intermediate-Term) 55 Day: 583.94 Up Trend,
• (Long-Term) 100 Day: 541.54 Up Trend,
• (Long-Term) 200 Day: 446.27 Up Trend.

Overall Rating

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

Key Insights Summary

QQQ remains in a dominant weekly uptrend with all benchmark moving averages aligned higher, preserving a constructive trend structure across short, intermediate, and long horizons. Price is pressing near the upper end of the current yearly session range after a sharp rebound from the prior pivot low, which reflects strong trend continuation behavior and fast upside momentum. The swing-pivot framework still shows an active upside trend with the prior pivot high at 695.93 defining the next major resistance reference, while support levels stack beneath price in a clear stair-step pattern. The weekly structure continues to show higher highs and higher lows, with pullbacks finding support above the rising 55-day, 100-day, and 200-day benchmarks, confirming broad trend strength. From a futures swing trader perspective, the weekly tape is still trending, with recent price expansion and breakout/recovery characteristics dominating the chart.