GDR Model Weekly Insights for Mon 13 Feb 2023
Potential for upside after 3 consecutive failed Breakdowns below the current Balance Zone
Review: Performance as of the close of 10 Feb 2023
GDR Model Insights for the Week Ahead
Commentary: GDR Model finnally showed some weakness last week. How this week develops will likely be pivotal
S&P 500 Futures Market Profile Insights for Today
Near-Term Outlook: Rejection of Balance Zone Low, tilt Bullish
Last Friday was a Balanced Day with overlapping Value and a Bullish close. There are 3 key factors that leave me leaning Bullish heading into today:
The Excess Low from last Friday
The Poor Structure above left behind in the wake of the selling last Thursday
The 3 consecutive rejections of a Breakdown below the current Balance Zone, first last Thursday, then again on Friday, and again during the current Overnight session
Do keep in mind that the market is still trading near the lower edge of the Balance Zone and accepting price lower can cause serious Liquidation. Note that key inflation data will come out tomorrow and on Thursday.
Potential Market-Moving Events
Today 08:00am - FOMC Member Bowman Speaks
Later this Week: CPI (Tue), PPI (Thu)