S&P 500 Daily Perspective for Thu 2 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 market has deteriorated materially and the GDR Model is now bearish. The only exception is fundamentals, which suggest current S&P 500 index prices are fair.

GDR Model Position

Despite the GDR Model being bearish, the model’s position remains flat as the model still has not found conditions favorable enough to justify a short position.

S&P 500 Futures Market Profile Chart