We are in rollover week, which means the September contract for futures is expiring, and traders will transition to trading the new December contract. These weeks tend to be a little more volatile and can cause increased choppiness in price action.
https://x.com/I_Am_The_ICT/status/1702290552899752268?s=20
https://x.com/I_Am_The_ICT/status/1702291801153888718?s=20
The effects of Dollar Index trading higher, it's one of those things we'd like to see the dollar trading lower than seeing the index Futures trading higher as a contrast. The most symmetrical market conditions are when they're diametrically opposed. That means dollars go in one direction, and the equities markets are going another. It may be because we're seeing a lot of different things going on geopolitically that's causing a lot of uncertainty, and the markets are still trying to frame a third-quarter to fourth-quarter transition.
The 3 Drives pattern revolves around the idea of when price is at a level where we think the Market's likely to be sensitive. In other words where it could repel price going lower.
