The PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) is kissing a key double top. A double top is known as a resistance level in the technical analysis world. While many think it is a likely pull back level, I have it penciled in that the NASDAQ 100 should go ever-so-slightly higher. Just above double top there is a gap fill level. This is another major resistance point in technical analysis. In a extremely bull driven market, when a chart shows two resistance levels near each other, always choose the higher one to short. In this case, it is the gap fill at $111.85. The QQQ is currently trading at $111.18 +0.88, (+0.80%). In reality, a pullback point is near but patience may give a much better entry point. Note the chart below.