S&P 500 Daily Perspective for Tue 7 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 continued to improve significantly this week and is now neutral to bullish. This shift may have been too far too fast - there is no guarantee that we won’t get another swing back in the opposite direction.

GDR Model Position

The GDR Model has a modest long position after the market has improved materially. Depending on how the market continues to develop, the model may increase position size or close it entirely.

S&P 500 Futures Market Profile Chart