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

Price Action

• Last: 703.90,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Oct

• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 701.90,
• 4. Pvt. Next: Pvt high 751.00,
• 5. Levels R: 762.86,
• 6. Levels S: 661.14, 555.60, 422.67, 413.07, 342.35.

Weekly Benchmarks

• (Short-Term) 5 Day: 735.21 Down Trend,
• (Short-Term) 10 Day: 727.14 Down Trend,
• (Intermediate-Term) 20 Day: 718.68 Down Trend,
• (Intermediate-Term) 55 Day: 663.26 Up Trend,
• (Long-Term) 100 Day: 598.81 Up Trend,
• (Long-Term) 200 Day: 497.61 Up Trend.

Overall Rating

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

Key Insights Summary

QQQ presents a corrective, high-volatility weekly downswing within a broader futures-equity index uptrend. The large decline from the 762.86 pivot-high resistance area pushed price beneath the 5-, 10-, and 20-week benchmarks, confirming fast short-term downside momentum and a DTrend pivot condition. The intermediate HiLo structure remains UTrend because the larger sequence of higher swing lows is intact, with 661.14 representing the principal nearby structural support. Price remains materially above rising 55-, 100-, and 200-week benchmarks, preserving the long-term bullish trend backdrop. For futures swing context, the market is characterized as a countertrend pullback below short-term averages rather than a confirmed intermediate-term trend reversal; 751.00 is the defined pivot-reversal threshold and 762.86 remains the major overhead swing-high reference.