QQQ PowerShares QQQ Daily Chart Analysis: 2026-Jul-06 07:05 CT

Price Action

• Last: 708.00,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Jul

• 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 707.56,
• 4. Pvt. Next: Pvt High 738.06,
• 5. Levels R: 748.65, 745.45, 737.62,
• 6. Levels S: 707.56, 702.81, 688.37, 555.60, 551.68.

Daily Benchmarks

• (Short-Term) 5 Day: 721.71 Down Trend,
• (Short-Term) 10 Day: 723.39 Down Trend,
• (Intermediate-Term) 20 Day: 698.75 Up Trend,
• (Intermediate-Term) 55 Day: 698.75 Up Trend,
• (Long-Term) 100 Day: 655.44 Up Trend,
• (Long-Term) 200 Day: 634.32 Up Trend.

Additional Metrics

• ATR: 733,
• VOLMA: 32709273.

Overall Rating

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

Key Insights Summary

QQQ is in a sharp short-term pullback after pressing into the 737 to 748 resistance band and then rejecting back toward the 707 support area. The pivot structure has rolled into a DTrend on the short-term and the latest swing sequence points to a lower-high, lower-low reaction. Even so, the broader daily structure remains constructive because price is still holding well above the 100- and 200-day benchmarks, with the 20- and 55-day averages below price and trending higher over the larger cycle. The chart shows a strong spring rally from the April low, followed by a June expansion leg and then a June-to-July retracement that is now testing prior pivot support. Overall, the tape reflects a bullish higher-timeframe trend inside a bearish near-term correction, with momentum fast and volatility elevated.