QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Aug-03 07:07 CT

Price Action

• Last: 691.14,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Aug

• 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 Above NTZ,
• YSFG Trend: Bullish.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 661.14,
• 4. Pvt. Next: Pvt high 724.44,
• 5. Levels R: 748.65,
• 6. Levels S: 661.14, 555.60, 422.87, 413.07, 342.35, 286.19.

Weekly Benchmarks

• (Short-Term) 5 Day: 704.84 Down Trend,
• (Short-Term) 10 Day: 714.71 Down Trend,
• (Intermediate-Term) 20 Day: 674.25 Up Trend,
• (Intermediate-Term) 55 Day: 629.64 Up Trend,
• (Long-Term) 100 Day: 570.37 Up Trend,
• (Long-Term) 200 Day: 470.84 Up Trend.

Overall Rating

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

Key Insights Summary

QQQ remains in a broad bullish structure for a Nasdaq-100 futures swing-trading perspective: price is above the rising 20-, 55-, 100-, and 200-week benchmarks, while the intermediate HiLo pivot trend remains upward. The short-term condition is corrective and volatile following the rejection from 748.65; both short benchmarks are declining and the active pivot trend is down. The 661.14 pivot low is the immediate structural reference, with 724.44 the next upside pivot threshold and 748.65 the major overhead swing resistance. The current price action reflects a sharp retracement within a larger uptrend rather than a confirmed long-term trend reversal.