S&P 500 Daily Perspective for Fri 19 May 2023
The market has become more bullish
***ANNOUNCEMENT***
The S&P 500 Futures Market Profile Analysis will not be available for today, Friday 19 May 2023. It will return for Monday 22 May 2023.
The GDR Model and Economic Calendar will be provided as usual.
GDR Model Insights for the S&P 500
GDR Model Performance
This year has been challenging for the Model’s style due to low confidence in the market.
GDR Model Outlook
The overall Model is tentatively becoming more Bullish. This could signal the potential of a new uptrend.
GDR Model Position
The model is flat, but if market conditions continue improving the way they did today then it’s likely it will open a meaningful Long position soon.
Economic Calendar
8:45am - FOMC Member Williams Speaks
9:00am - FOMC Member Bowman Speaks
11:00am - Fed Chair Powell Speaks
Next Week: PCE (Fri)