S&P 500 Daily Perspective for Fri 3 Nov 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 market has improved markedly this weekly and is back to neutral. materially and the GDR Model is now bearish. The improvement in the volatility outlook was especially notable.

GDR Model Position

The GDR Model has entered a modest long position after the market has improved materially.

S&P 500 Futures Market Profile Chart