QQQ PowerShares QQQ Daily Chart Analysis: 2026-Aug-12 07:08 CT

Price Action

Last: 723.00,
Bars: Small,
Mom: Slow.

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 Above NTZ,
MSFG Trend: Bullish.

YSFG Year 2026

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

Swing Pivots

(Short-Term) 1. Pvt. Trend: UTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt high 728.54,
4. Pvt. Next: Pvt low 703.68,
5. Levels R: 748.65, 745.45, 737.62, 728.54,
6. Levels S: 684.14, 655.60, 551.68, 528.65, 511.93.

Daily Benchmarks

(Short-Term) 5 Day: 719.94 Up Trend,
(Short-Term) 10 Day: 700.85 Up Trend,
(Intermediate-Term) 20 Day: 700.48 Up Trend,
(Intermediate-Term) 55 Day: 702.14 Up Trend,
(Long-Term) 100 Day: 682.94 Up Trend,
(Long-Term) 200 Day: 648.44 Up Trend.

Additional Metrics

ATR: 6.00,
VOLMA: 32709273.

Overall Rating

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

Key Insights Summary

QQQ futures-equivalent price structure remains broadly constructive: both pivot trend measures are in UTrend and price is above all major daily benchmarks. The early-August advance from the 660 area produced a sharp V-shaped recovery, followed by smaller, slower candles beneath the 728.54 pivot-high resistance. This reflects consolidation after an impulsive rally rather than a confirmed trend reversal. The 703.68 pivot-low threshold and clustered 20/55-day averages near 700-702 define the nearest structural support zone, while 728.54 is the immediate overhead pivot barrier. A sustained move through that level would place 737.62, 745.45, and 748.65 in focus as higher resistance references. ATR near 6.00 indicates comparatively contained daily range expansion versus the earlier high-volatility swings, while declining volume participation during the latest sideways action indicates slower momentum near resistance.