Buy at $7.60. Target 12.5% $8.55. Stop -4.5% $7.25.
I believe the QQQ is ready to drop a few points because of September slump psychology. We haven't had a 20% gain on the SQQQ since May. With all the price movement there could be some retracement on the QQQ. I'm setting a tight stop loss because we are still in a bull market. This is a scalp trade.