S&P 500 Daily Perspective for Mon 23 Oct 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 mostly bearish. One caveat to note: monthly options expiration, which was last Friday, tends to temporarily skew the Volatility Outlook to seem more volatile than it might truly be.

GDR Model Position

The GDR Model is flat after significant deterioration in the market. Sustained deteriorate is likely to see the model open a short position.

S&P 500 Futures Market Profile Chart