GDR Model Insights for the Current Week
GDR Model Performance (2022): +17.20%
Market Tone: Bullish (previous week: Bullish)
Positioning: +265.52% Long (previous day: +247.84% Long)
Commentary: unless there is some drastic upside in the market tomorrow (unlikely), GDR will almost certainly return to Transition Mode after the close tomorrow. Prepare accordingly
S&P 500 Futures Market Profile Insights for Tomorrow
While yesterday Market Profile was relatively more Bullish than Bearish, today makes it clear that the odds of further downside in the near-term are very high. This became clear when the market opened on a Gap lower that failed to fill. There are now 3 consecutive Excess Highs, and today’s low barely has any Excess.
As always, the market can change on a dime and we have seen that often enough lately, so don’t take any analysis for granted.
Potential Market-Moving Events Tomorrow
09:45am - S&P Global Composite PMI, Manufacturing PMI, Services PMI