Market Prediction for 10/24/2023

 I was wrong in the prediction for today 10/23/2023. Even the market was UP in the first half, the second half was not good and S&P500 closed negative. 

Take aways: Seems like Oil price was again up today, and seems like macro, geopolitical situation has more weightage.

Let's focus on tomorrow,

+ve (UP) reasoning:

1.   Market might have oversold.
2.   S&P500 Futures are UP 0.09% right now . ES00 | E-Mini S&P 500 Future Continuous Contract Overview | MarketWatch
3. DOW futures are UP 0.02% YM00 | E-Mini Dow Continuous Contract Overview | MarketWatch

-ve(DOWN) reasoning:

1. WTI Crude oil price is UP Crude Oil Prices Today | OilPrice.com
2. Geo-political situation
3. Interest is going to high for longer (analyst's expectations) -Macro look.

Unknown: 

1. There are lot of companies earning report is going to come tomorrow - Google, Microsoft, Coca-Cola, CP, VICI etc. Not sure how that is going to be.
2. PMI comes tomorrow.

Since oil price are UP and macro look on the environment is still gloomy. I would guess market is going to down tomorrow (10/24/2023).

This is not a financial advice. This is just for my fun and analysis.