S&P 500 Daily Perspective for Wed 11 Oct 2023

GDR Model Performance

This year has been challenging for the GDR Model’s style due to low confidence in the market at the start of the year.

GDR Model Outlook

The GDR Model is reflecting some improvement in market conditions and is now neutral. If this is was the extent of the recent sell-off then there wasn’t any material long-term change in the market.

GDR Model Position

The GDR Model is cautiously long as the market has improved. If conditions continue to improve then the model is likely to increase its long position.

S&P 500 Futures Market Profile Chart