QQQ PowerShares QQQ Daily Chart Analysis: 2026-Oct-23 07:07 CT

Price Action

• Last: 704.16,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Oct

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 701.90,
• 4. Pvt. Next: Pvt high 720.60,
• 5. Levels R: 762.86, 727.95,
• 6. Levels S: 701.90, 660.14.

Daily Benchmarks

• (Short-Term) 5 Day: 719.80 Up Trend,
• (Short-Term) 10 Day: 731.64 Down Trend,
• (Intermediate-Term) 20 Day: 739.07 Down Trend,
• (Intermediate-Term) 55 Day: 725.03 Down Trend,
• (Long-Term) 100 Day: 721.68 Up Trend,
• (Long-Term) 200 Day: 676.49 Up Trend.

Additional Metrics

• ATR: 733,
• VOLMA: 32709273.

Overall Rating

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

Key Insights Summary

QQQ, as a liquid proxy for Nasdaq futures swing conditions, shows a fast downside impulse with a large red daily bar pressing the 701.90 pivot-low support. Both the short-term pivot trend and intermediate HiLo trend are down, while price remains beneath the declining 10-, 20-, and 55-day benchmarks. The 720.60 pivot-high reversal threshold and 727.95 resistance define the overhead countertrend zone. Long-term structure remains positive because the rising 100- and 200-day averages are materially below price, framing the current action as a sharp intermediate pullback within a broader long-term uptrend.