TQQQ is set to bounce up past 112 this week, then settle around there. That's a few percent gain during the week baring any potential bad news. Its set to go higher even long term as we can see from our trend lines it just passed through a support level and now its gaining and has been gaining since hitting the bottom last week. Right now I'm a buyer up until August when the current trend shows that the Nasdaq will experience a little bit of a pull back. Baring any bad financial news it would be a good idea to buy right now while the ETF is still at 109 levels.