QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Jun-23 07:06 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 748.65,
• 5. Levels R: 748.65,
• 6. Levels S: 688.37, 555.60, 422.67, 413.07, 342.35.

Weekly Benchmarks

• (Short-Term) 5 Day: 724.57 Up Trend,
• (Short-Term) 10 Day: 702.99 Up Trend,
• (Intermediate-Term) 20 Day: 649.59 Up Trend,
• (Intermediate-Term) 55 Day: 614.73 Up Trend,
• (Long-Term) 100 Day: 558.30 Up Trend,
• (Long-Term) 200 Day: 480.59 Up Trend.

Overall Rating

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

Key Insights Summary

QQQ remains in a strong higher-timeframe advance, with all benchmark averages aligned in rising order and price still holding well above the 20, 55, 100, and 200 week moving averages. The recent weekly structure shows a sharp extension to a new swing high near 748.65 followed by a fast pullback into the 688.37 swing low, which flipped the short-term pivot trend to DTrend even as the intermediate HiLo trend stays UTrend. The chart is showing a classic impulse-and-retracement sequence inside a broader uptrend, with the latest candle reflecting a large-range, high-momentum decline from an overextended peak. Weekly, monthly, and yearly session fib grids remain centered as neutral on this snapshot, so the main technical emphasis is on the active swing pivot unwind versus the still-bullish moving average stack. Higher-timeframe trend structure remains constructive, while the short-term profile is in correction mode after the recent breakout run.