S&P 500 Daily Perspective for Tue 29 Aug 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 has improved slightly to neutral. That the long-term outlook has remained stubbornly bullish may suggest that the recent sell-off wasn’t very serious.

GDR Model Position

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

S&P 500 Futures Market Profile Chart