Due to the fact that today is election day (which unarguably, has lead to increased volatility in recent sessions) and the fact that the official QQQ short trade that was just entered yesterday has been dancing above & below the suggested stop of a daily close above 117.50 all day, I will be suspending the official stops on that trade & will follow up with a new suggested stop either later this evening or before the market opens tomorrow as the risk of a brief stop run due is quite elevated at this time.
As always, suggested stops are just that: suggested. Each trader must decide on a stop-loss order as well as profit targets that are inline with their unique risk tolerance & trading style. FWIW, my expectation today is for a selloff into the close that will most likely print a close on QQQ well below the 117.50 level despite the fact it is currently trading at 117.38 as I type after printing an intraday high of 117.64 so far today.