S&P 500 Daily Perspective for Wed 2 Aug 2023

The market has broken the trendline, monitor for downside continuation

***ANNOUNCEMENT***

As per the August 2023 announcements, starting with the S&P 500 Daily Perspective for 1 August 2023 the GDR Model has been upgraded. Today’s position follows the upgraded version of the GDR Model.

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GDR Model Performance

The GDR Model returned 3.11% in July, falling just short of the S&P 500 Total Return’s 3.21%. This year has been challenging for the GDR Model’s style due to low confidence in the market.

GDR Model Outlook

The GDR Model has been bullish across the board for several weeks now as the market has maintained a strong uptrend since May.

GDR Model Position

The GDR Model is long. Note the increase in position size due to the recent upgrade in the model.

S&P 500 Futures Market Profile Chart