S&P 500 Daily Perspective for Fri 20 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

After picking up on some notable weakness at the close of last week, the GDR Model saw the market deteriorate further today. The model is neutral to bearish.

GDR Model Position

The GDR Model is cautiously long, but underlying market conditions have deteriorated over the last several days. Barring any drastic reversals today, changes to positioning are likely imminent.

S&P 500 Futures Market Profile Chart