Uptrend Under Pressure 100
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 100/100 · 7 distribution days (SPY) Oct 26 Full briefing →
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QQQ

$712.20 +1.11% Oct 26 close
Detected setup Basing · Setup Score 55/100

Stand aside — setup invalidated

Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.

1 independent risk warning also present. Review before relying on the bullish setup.

Ask about QQQ

Switch to Advanced for indicator panels, raw grades, provenance, drawing tools, and full technical tables.

$QQQ

etf Stage 2 · Advancing Base 1
$712.20 latest close
Market Structure
Trend structure: downtrend
Latest event: structure_shift (bearish)
Resistance 721.89–731.63 · 7 touches · strong
Support 591.33–594.76 · 5 touches · strong
Support 700.00–704.66 · 5 touches · strong
Support 610.15–614.03 · 4 touches · moderate
Resistance 744.76–748.65 · 4 touches · moderate
Momentum Turn Watch
Bollinger Lower-Band Support Price ($712.20) is holding just above the lower Bollinger band ($697.74; %B 20) — support at the bottom of the bands.
Early technical context only. Wait for price, volume, and the canonical setup trigger to confirm; this signal does not change readiness or the setup score.
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Verdict · setup score 55/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$700$750AugSepOct$712

What would change this verdict

What needs to turn for this to become buyable — the top failing checks across the legend council:

  • Minervini 1.5 Price > 50-day MA — Price $712.20 vs MA50 $725.43
  • Minervini 1.8 RS rank ≥ 70 (prefer ≥ 85) — RS rank 62
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 62
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Volume expansion above average — Volume ratio 1.01x
  • Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
Minority view — the council disagrees here
  • Minervini: avoid Trend-template read: fails Price > 50-day MA.
  • O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
52 Neutral
Legend Score · rates the stock Neutral (52/100) — held back by institutional footprint

Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.

  • Relative Strength (25%) 62
  • Trend Template (25%) 62
  • Institutional Footprint (20%) 31
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 62: above-average strength. Trend template 5/8: mixed — some uptrend elements, some missing. Institutional score 31: mild distribution — sellers active. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-27.

Price $712.20 +1.1% Oct 26 close
52W High $762.86 6.6% below high
Wks Since High 2w
Base Depth 8.1%
RS Rank 24 percentile of scan
SMA 50 $725.43
Avg Vol 32,213,086
Rel Vol (Oct 26) 1.01× 0.56× on up days
More stats
52W Low $555.60
Tight Wks 7
Base B1
SMA 200 $677.75
RS Line vs High -6.2%
RS Line Slope -3.6% ▼
ADR% 1.2%
ATR(14) $12.36 (1.7%)
Vol Pace (live) N/A
A/D Days 10A / 17D
A/D Rating E
VDU Bars 0/10 d
Position in 52-week range 76thpercentile of the 52-week range
$555.60low
$762.86high

QQQ Chart

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Technical Analysis Report Card

$QQQ · $712.20 · as of 2026-10-26 · multi-factor read
38
/ 100
Technicals 38/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▬ Sideways / consolidating
Weekly ▬ Sideways / consolidating
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$725.43 ↓
100-day$719.19 ↓
200-day$677.75 ↑
Bullish (50 > 200)

RSI (14)

Reading41.7 · Bearish

Bearish momentum — sellers in control.

MACD (12/26/9)

StateBearish
Histogram-4.492

Bearish — MACD below its signal line and below zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width20% · 9.9%

Near the lower band — under pressure or oversold.

Volume · Buyer vs Seller

Up/Down vol0.56 · Distribution
Rel volume1.01×
Pocket pivots · 10d0
5d vs 50d vol119%
Heavy vol up / down0 / 4

Distribution — volume is concentrated on down days; sellers dominate. Recent volume is expanding versus its baseline.

  • 4 heavy-volume down days vs 0 up in the last 20 sessions — supply is showing.

Support & Resistance

R · $725.79swing level
R · $736.10swing level
R · $747.78swing level
Price · $712.20now
S · $703.28swing level
S · $686.37swing level
S · $661.14swing level

Fibonacci · Uptrend swing

23.6%$738.85
38.2%$724.00
50.0% ◄ price here$712.00
61.8%$700.00
78.6%$682.91

Retracement support zones measured from the recent swing low up to the high.

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Above 200-day MA50/200 bullishVolume distribution
Want this read in a legend's voice? Ask a Legend about QQQ
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (55/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.

Council consensus: 6 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Avoid C Trend-template read: fails Price > 50-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $712.20, MA150 $700.24, MA200 $677.75
1.2 150-day MA > 200-day MAMA150 $700.24 vs MA200 $677.75
Failing evidence
1.5 Price > 50-day MAPrice $712.20 vs MA50 $725.43
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 62
Not applicable
2. Quarterly EPS growth ≥ 25%No single-company earnings — not applicable to ETFs
2. ROE ≥ 17%No single-company earnings — not applicable to ETFs
2. Revenue growth ≥ 20% YoYNo single-company earnings — not applicable to ETFs
7/10 checks
Method → Playbook → Ask →
O'Neil Avoid D CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
Passing evidence
N: Near 52-week high or RS line new high6.6% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 1.74%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 62
M: Market in confirmed uptrendMarket phase: uptrend_under_pressure
Not applicable
C: Quarterly EPS acceleration ≥ 25%No single-company earnings — not applicable to ETFs
A: Annual earnings & revenue qualityNo single-company earnings — not applicable to ETFs
2/6 checks
Method → Playbook → Ask →
Weinstein Watch C Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

mediumStage 2 uptrend in progress — hold as long as price stays above the 30-week moving average.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $712.20 vs MA200 $677.75
Failing evidence
Volume expansion above averageVolume ratio 1.01x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
Method → Playbook → Ask →
dennis Watch C Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $701.16
Volatility-unit sizing (1N ≈ 1% of equity)1N = $11.15 (1.57% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
5/8 checks
Method → Playbook → Ask →
zanger Avoid C Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Not extended (≤5% above the breakout point)Measured as passing
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $819.03-$854.64; trail the rest
Failing evidence
Named Zanger pattern onlyBasing is not one of Zanger's six
Breakout volume 1.5-2.0x averageNot confirmed
4/6 checks
Method → Playbook → Ask →
zweig Watch D Zweig read: part of his screen passes but not all: Price strength (RS ≥ 70) — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Breadth momentum: 10-day A/D ratio10-day A/D 1.17 (1995 adv / 1699 dec) — participation expanding
4% Model (breadth proxy)65% of universe above 50-day — broad strength (adapted from Ned Davis 4% Model)
Failing evidence
Price strength (RS ≥ 70)RS score 62 — Zweig buys strength, not bargains
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
Not applicable
EPS growth above the marketNo single-company earnings — not applicable to ETFs
Reasonable price for the growthNo single-company earnings — not applicable to ETFs
Insider buyingNo single-company earnings — not applicable to ETFs
2/5 checks
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$712.20
Distance from 52-week high6.6% below high
Failing evidence
Relative strengthRS 62
Volume vs average1.01x
3/6 checks
Method → Playbook → Ask →
Darvas Watch B Box-theory read: constructive evidence is present, but relative strength is unresolved.

mediumBuilding the top of the box (6.6% from 52W high) — watch for a box breakout with volume expansion.

Passing evidence
Price$712.20
Distance from 52-week high6.6% below high
Failing evidence
Relative strengthRS 62
Volume vs average1.01x
3/6 checks
Method → Playbook → Ask →
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$712.20
Distance from 52-week high6.6% below high
Failing evidence
Relative strengthRS 62
Volume vs average1.01x
3/6 checks
Method → Playbook → Ask →
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▼ Falling
102RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -5 E
A: 10 D: 15 Net: -565 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/3 met · earnings criteria N/A for ETFs
A 2/3 criteria
Separate score from the Minervini Trend Template (5/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
– EPS acceleration ≥25% QoQ N/A
– Revenue growth ≥20% YoY N/A
– Gross margin ≥30% N/A
– ROE ≥17% N/A
✗ RS rating ≥80 (leadership) 62
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -6.6%

Method Playbook

Trade it like Livermore EXACT LEVELS · PRO
Livermore B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Treat the resistance break as a pivotal point only while the primary trend and relative strength remain aligned.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Wait for price and volume to confirm the pivotal-point break; anticipation below the line is not confirmation.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Place the initial stop below the pivotal line or the reaction low that would prove the breakout false.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Raise protection beneath successive higher reaction lows as the trend advances; never move a protective line farther away.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when price fails the pivotal line, breaks the latest meaningful reaction low, or shows abnormal reversal action.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Pattern Analysis

Basing ⚠ Not actionable yet
55 setup score
RS Score 62
Trend template 5/8
CANSLIM 62.7* (C)
base type: Flat Base depth: 0.101 duration weeks: 12.0 tightness: 0.0215 near pivot: ✓ base volume ratio: 1.12 validation reason: valid basing setup multi tf evaluated: ✓ multi tf reason: weekly trend template 4/8 confirmed + no fresh 13-week low
Why This Setup?
Basing · schematic

Flat Base: depth=10.1%, 12w, tightness=0.021, near_pivot=yes | Moderate trend (5/8) | Good RS (62) | Moderate pattern (65%) | Stage 2 | Tight base (7 tight wks) | Readiness 49/100 (early) | CANSLIM 62.7 (C) | ⚠ Not actionable yet

Ask a Legend ▾
The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

4/7 universals met
  • A relative-strength leader — not met RS rank 24 — laggard
  • Clear of earnings — partly met Report date unknown
  • Volume confirms — partly met 1.0× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • In a confirmed uptrend — met Stage 2 · Trend template 5/8
  • Not chasing (in range) — met Met — levels are a Pro detail
  • Risk is defined — met Met — levels are a Pro detail
Why these seven? → The Universal Edge

Minervini Trend Template

5/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $712.20 vs SMA150 $700.24 / SMA200 $677.75
SMA 150 above SMA 200 SMA150 $700.24 vs SMA200 $677.75
SMA 200 trending up Slope +11.61 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $725.43
Price above SMA 50 $712.20 vs SMA50 $725.43
30%+ above 52-week low +28.2% from $555.60
Within 25% of 52-week high -6.6% from $762.86
RS score above 70 RS 62

Fundamentals

52W Range
76%
Insider
No Buy

Company

Company profile
QQQ
QQQ
Track all markets on TradingView
O'Neil · Grade Card
ETF checklist — N, S, L, M only
C 62.7* CANSLIM * disqualified on M
C · Curr. EPS
N/A
A · Annual EPS
N/A
N · New Highs
100
S · Supply/Demand
70
L · Leader RS
62
I · Inst. Spons.
N/A
M · Market
30
ETFs hold baskets of stocks — earnings and insider criteria don't apply. This grades new highs, supply/demand, relative-strength leadership, and market direction instead.

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
4/8
W. RS
60
W. Support
$653.81
W. Resist
$762.86
Weekly Structure

Scan History

20× streak
Oct 23: 0 (watchlist_candidate)Oct 23: 79 (Partial Move)Oct 26: 55 (Basing)Oct 27: 55 (Basing)55
Oct 27
Basing
55
Oct 26
Basing
55 0.0%
Oct 23
Partial Move
79 +1.1%
Oct 23
watchlist_candidate
0 +1.1%

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