S&P 500 Daily Perspective for Fri 17 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 GDR Model is now bullish after it picked up on sustained market improvement.

GDR Model Position

The GDR Model picked up on some slight weakness today, which made it a bit more defensive in the short-term. Tactical shifts like this are relatively likely at this point.

S&P 500 Futures Market Profile Chart