bigfry
Long

Good Pullback Long Entry for QQQ (30m) between 161 and 161.5

NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
I think that if QQQ             drops to the 161-161.5 zone, this offers a good long entry.

The reasons are as follows:

1. Gap fill from the morning gap up
2. Successful pullback to support zone
3. QQQ             is still uptrending, so buying the dip has an edge
4. Good risk to reward.

If QQQ             drops below 160.5, we take the small loss and move on. Our target is the minor high near 163.
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