QQQ PowerShares QQQ Weekly Chart Analysis: 2026-Aug-31 07:08 CT

Price Action

• Last: 707.00,
• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 734.58,
• 4. Pvt. Next: Pvt low 670.38,
• 5. Levels R: 734.58, 714.14,
• 6. Levels S: 661.14, 555.60, 522.67, 413.07, 342.35.

Weekly Benchmarks

• (Short-Term) 5 Day: 707.89 Up Trend,
• (Short-Term) 10 Day: 712.03 Up Trend,
• (Intermediate-Term) 20 Day: 701.04 Up Trend,
• (Intermediate-Term) 55 Day: 641.09 Up Trend,
• (Long-Term) 100 Day: 580.09 Up Trend,
• (Long-Term) 200 Day: 479.75 Up Trend.

Overall Rating

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

Key Insights Summary

QQQ, a useful NQ futures directional proxy, remains in a broad weekly uptrend with price above the rising 20, 55, 100, and 200-period benchmarks. The recent decline from 734.58 to the 670.38 pivot low was followed by a strong V-shaped recovery, restoring the short-term UTrend and placing price near the 714.14 pivot resistance. The current structure is constructive but rotational beneath the 734.58 high: a sustained move through that level would extend the higher-high sequence, while 670.38 and 661.14 define the nearest weekly swing-support zone. Momentum has recovered to average rather than accelerating, with the 5 and 10-period benchmarks clustered around current price and reflecting near-term consolidation within the larger bullish trend.