S&P 500 Daily Perspective for Wed 16 Aug 2023

Spike lower yesterday, spike trading guidelines apply today

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 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

** Due to much needed R&R, the S&P 500 Futures Market Profile Chart will not be provided until Friday, 18 August. **