QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Aug-04 07:07 CT

Price Action

• Last: 700.00,
• Bars: Medium,
• Mom: Average.

WSFG Weekly

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

MSFG Month Aug

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Bullish,
• MSFG Trend: Bullish.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Bullish,
• 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.

Weekly Benchmarks

• (Short-Term) 5 Day: 701.13 Down Trend,
• (Short-Term) 10 Day: 711.75 Down Trend,
• (Intermediate-Term) 20 Day: 679.14 Up Trend,
• (Intermediate-Term) 55 Day: 631.72 Up Trend,
• (Long-Term) 100 Day: 572.48 Up Trend,
• (Long-Term) 200 Day: 472.44 Up Trend.

Overall Rating

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

Key Insights Summary

QQQ, as an equity-index futures proxy for Nasdaq-100 participation, remains in a broad bullish weekly structure: price is above the rising 20, 55, 100, and 200-period benchmarks, while the intermediate HiLo pivot trend remains positive. The recent decline from 748.65 to the 661.14 pivot low created a short-term corrective sequence, reflected by the DTrend pivot status and declining 5- and 10-period benchmarks. The rebound toward 700.00 has recovered above the 20-period benchmark, but remains beneath the 711.75 short-term benchmark and the 724.44 next-pivot threshold. The 661.14 pivot is the defining nearby structural support, while 724.44 and 748.65 frame the upper recovery and prior-high resistance zone. This is a longer-term uptrend with a short-term countertrend recovery phase following a sharp volatility-driven retracement.