QQQ PowerShares QQQ Daily Chart Analysis: 2026-May-20 07:05 CT

Price Action

Last: 695.25,
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: DTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt Low 695.25,
4. Pvt. Next: Pvt High 713.57,
5. Levels R: 722.03,
6. Levels S: 695.25, 656.60, 555.60.

Daily Benchmarks

(Short-Term) 5 Day: 711.43 Down Trend,
(Short-Term) 10 Day: 705.34 Down Trend,
(Intermediate-Term) 20 Day: 683.31 Up Trend,
(Intermediate-Term) 55 Day: 648.86 Up Trend,
(Long-Term) 100 Day: 624.42 Up Trend,
(Long-Term) 200 Day: 611.68 Up Trend.

Additional Metrics

ATR: 733,
VOLMA: 32709273.

Overall Rating

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

Key Insights Summary

QQQ is coming off a sharp multi-week rally from the April swing low and is now cooling back inside a still-constructive larger uptrend. The short-term pivot structure has turned DTrend after the latest lower high and pullback from the 720s, while the intermediate and long benchmarks remain in supportive alignment beneath price. The current setup reflects a strong impulse leg followed by a fast retracement, with price testing the upper part of the prior monthly session fib zone and holding well above the rising 20-, 55-, 100-, and 200-day benchmarks. From a futures swing trader’s viewpoint, the tape is transitioning from breakout expansion into a digestion phase, with recent candles showing a test-and-reject pattern near the highs and a pullback toward the 695 area. Momentum remains elevated, but the near-term structure is softer than the broader trend, leaving the daily chart in a bullish longer-term context with a bearish short-term swing tone.