@JonahLupton Might be opportunity to buy cheap in rate hike environment. Think patience with entry timing will pay. Has history of moving in large % swings
$CRWD Volume has faded now 2 days in a row showing exhaustion.
Chart also shows peaking.
Not as much probabilities set up in my favor here.
Not touching it this week.
$SPY sitting at a crucial level going into FOMC tomorrow.
Prior resistance acting as support and the low bull flag trend line holding as support.
With crude oil over $105, a 10y extremely high and a potential rate hike, will we see a meltdown?
Remember, our job as a DAYTRADER is only to react and not predict.
We are not swing traders.
We do not care if the market crashes tomorrow because we don't hold stocks in a portfolio.
We only care about intraday.
Ignore the noise.
Ignore the emotions.
Understand the environment and use the appropriate position size to compliment that environment.
-AD
Rate hikes + $100+ oil are already pressuring gold, silver, and copper.
Fed likely hiking tomorrow as energy-driven inflation stays sticky. Higher rates + stronger dollar raise the cost of holding metals and threaten growth demand. Oil also lifts mining costs.
Near-term headwind is real. Longer-term copper supply deficits and gold’s structural bid still matter—but the macro overlay is working against all three right now.
$ZS strong volume day here followed by a strong candle.
Current level around 192 is strong resistance but, a clear pivotal point.
When breakouts are clear, it usually results in more people wanting to trade the breakout.
Moving $ZS up to top of my list.
It only takes one forced trade in a volatile market to wipe out weeks of discipline.
But disaster doesn't strike out of nowhere. The red flags are always there first.
If you can't manage risk in your daily habits, you won’t manage it when the opening bell rings.
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