Auto-detected technical analysis for QQQ · data as of Jun 30, 2026. The chart above is live; the read below updates daily.
$736.40last close · Jun 30, 2026
QQQ falling wedge pattern
QQQ is currently forming a Falling Wedge on the daily timeframe. Detected Jun 30, 2026.
A Falling Wedge usually breaks higher, but QQQ is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $561.34 (−5.7%). Across 13,048 backtested falling wedges, the setup followed through 53.9% of the time, averaging +0.38R.
QQQ's most recent completed Falling Wedge (which broke against type) resolved as a win: it broke down on Mar 18, 2026 near $593.02, then reached its target at $561.34 on Mar 30, 2026 — a +1.56R move (5.3%) over 8 sessions. Across 94 backtested falling wedges, this setup wins 47.9% of the time.
OutcomeWinResult+1.56REntry$593.02Exit$561.34
How falling wedges have performed
Win rate
53.9%
Avg return
+0.38R
Backtested trades
13,048
Historical pattern statistics (1986-12-19 – 2026-06-10), not a prediction.
QQQ support and resistance levels
Price is bouncing off a floor near $710.47 and starting to climb. On the weekly chart, the next ceiling overhead sits near $764.77 — about 4% away.
Traders commonly watch $764.77 as a target (its 261.8% extension) — think of it as a sensible next stop, not a guarantee.
That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $710.47 floor just now, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.
Nearest auto-detected support sits near $706.24, resistance near $742.48. These are chart/swing-derived levels, not formula pivots.
As of Jun 30, 2026, TradingPal's detector identifies a Falling Wedge on PowerShares QQQ (QQQ) on the daily chart, with a measured-move target of $561.34.
Is a Falling Wedge bullish or bearish?
The Falling Wedge detected on QQQ is a bearish pattern, projecting a measured-move target of $561.34. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Falling Wedge pattern, and what is its win rate?
Across TradingPal's backtest of the Falling Wedge family (13,048 trades over 516 symbols), it resolved in the expected direction 53.9% of the time with an average of +0.38R. These are historical statistics, not a prediction.
What are the support and resistance levels for QQQ?
Based on auto-detected, swing-derived levels (as of Jun 30, 2026), QQQ's nearest support is around $706.24 and nearest resistance around $742.48.
What is the price target if QQQ's pattern breaks out?
The detected Falling Wedge has a geometry-based measured-move target of $561.34 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was QQQ's closing price on Jun 30, 2026?
PowerShares QQQ (QQQ) last closed at $736.40 on Jun 30, 2026. For the live quote, see the chart above or a real-time quote provider.
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.
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