S&P 500 Daily Perspective for Wed 30 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 has continued to improve and is now neutral to bullish. Should it continue, it would confirm 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