QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Aug-24 07:08 CT

Price Action

• Last: 720.00,
• Bars: Medium,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 72%
• F0%/NTZ' Bias: Price Bullish,
• WSFG Trend: Bullish.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: 77%
• F0%/NTZ' Bias: Price Bullish,
• MSFG Trend: Bullish.

YSFG Year 2026

• Long-Term
• YSFG Current: 85%
• F0%/NTZ' Bias: Price Bullish,
• YSFG Trend: Bullish.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 734.58,
• 4. Pvt. Next: Pvt low 670.00,
• 5. Levels R: 748.65, 734.58,
• 6. Levels S: 661.14, 555.60, 522.67, 413.07, 342.35.

Weekly Benchmarks

• (Short-Term) 5 Day: 704.30 Up Trend,
• (Short-Term) 10 Day: 712.82 Up Trend,
• (Intermediate-Term) 20 Day: 694.61 Up Trend,
• (Intermediate-Term) 55 Day: 638.41 Up Trend,
• (Long-Term) 100 Day: 577.78 Up Trend,
• (Long-Term) 200 Day: 477.56 Up Trend.

Overall Rating

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

Key Insights Summary

QQQ remains in a broad bullish futures-style swing structure, with price holding above all six rising benchmark averages and the pivot sequence retaining higher-high and higher-low characteristics. The current advance is testing the 734.58 pivot-high area beneath major 748.65 resistance, while 670.00 is the key short-term reversal level. The recent recovery from the 661.14 support area was fast and V-shaped, leaving momentum elevated and price extended above the yearly neutral zone. The 694.61 to 704.30 moving-average band defines the nearest trend-consolidation area, while 661.14 remains the principal structural support beneath the current swing.