S&P 500 Daily Perspective for Thu 10 Aug 2023

Short-term balance, tilt bearish

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 weakness the GDR Model picked up on starting last week seems to be gathering momentume. It remains to be seen whether it will be sustained.

GDR Model Position

The GDR Model has gone back to slightly long again. These are small positions and should be interpreted as the market being indecisive at this point.

S&P 500 Futures Market Profile Chart

** Due to much needed R&R, the S&P 500 Futures Market Profile Chart will not be provided until Friday, 18 August. **