S&P 500 Daily Perspective for Fri 18 Aug 2023

Relentless value trend lower, but there is some poor structure above

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 overall neutral to bearish following from the weakness it picked up on starting two weeks ago.

GDR Model Position

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

S&P 500 Futures Market Profile Chart