QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Jun-10 07:05 CT

Price Action

• Last: 688.37,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Jun

• 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: UTrend,
• 3. Pvt. Evolve: Pvt Low 688.37,
• 4. Pvt. Next: Pvt High 748.59,
• 5. Levels R: 748.65,
• 6. Levels S: 688.37, 555.60, 422.67, 413.07, 342.35.

Weekly Benchmarks

• (Short-Term) 5 Day: 716.21 Down Trend,
• (Short-Term) 10 Day: 676.40 Up Trend,
• (Intermediate-Term) 20 Day: 638.72 Up Trend,
• (Intermediate-Term) 55 Day: 605.95 Up Trend,
• (Long-Term) 100 Day: 553.38 Up Trend,
• (Long-Term) 200 Day: 458.55 Up Trend.

Overall Rating

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

Key Insights Summary

QQQ remains in a powerful multi-year uptrend, but the weekly structure has shifted into a short-term corrective phase after a sharp push to the 748.65 resistance area and a fast selloff back toward the 688.37 pivot low. Price is still holding well above the major rising benchmarks, including the 20, 55, 100, and 200-week averages, which keeps the intermediate and long-term backdrop constructive. The swing-pivot sequence shows a fresh lower pivot forming in the short term while the broader hi/lo structure remains upward biased. The yearly and monthly fib grids sit in neutral territory, suggesting the market is digesting the prior advance rather than starting a broad breakdown. Recent action looks like a high-volatility consolidation after an extension leg, with sharp expansion up into resistance followed by a rapid retracement and rebound attempt.