QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Aug-06 07:08 CT

Price Action

• Last: 728.54,
• 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: Above NTZ
• 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 high 728.54,
• 4. Pvt. Next: Pvt low 663.90,
• 5. Levels R: 748.65, 728.54,
• 6. Levels S: 661.14, 555.60, 522.65, 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: 679.42 Up Trend,
• (Intermediate-Term) 55 Day: 631.72 Up Trend,
• (Long-Term) 100 Day: 572.48 Up Trend,
• (Long-Term) 200 Day: 472.49 Up Trend.

Overall Rating

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

Key Insights Summary

QQQ, a close proxy for Nasdaq futures direction, is rebounding sharply from the 661.14 swing-low support area and has recovered above the rising 20-week benchmark at 679.42. The broader weekly structure remains constructive, with higher-order pivot and moving-average trends aligned upward, while the short-term pivot trend remains DTrend and the 5- and 10-week benchmarks still slope lower. Price is testing the 728.54 pivot-high area beneath major resistance at 748.65; this creates a near-term recovery-versus-rejection inflection zone. The 663.90 pivot-next level and 661.14 support define the recent pullback low, while the yearly grid near the low-600s remains a long-term structural support region.