Sunday, October 22, 2023

Market prediction S&P500 for 10/23/2023

 Let's us start reasoning for tomorrow's market.

+ve(UP) cases:

  1. WTI Oil price is down today 0.95% and price is at 87.24$. Crude Oil Price Today | WTI OIL PRICE CHART | OIL PRICE PER BARREL | Markets Insider (businessinsider.com)
  2. Mini-S&P500 futures is up by 0.20% and DOW futures are up by 0.14%.
  3. May be last week, its oversold. Tomorow can market start of the new week with some optimism?
  4. May be Santa Claus rally still possible?
-ve(DOWN) cases:
  1. Geo-political situation
  2. Marco looks on the market.
Unknown: Some earning reports from companies like UniCredit, Saudi Basic Industries etc.

Based on the oil price and futures, predicting tomorrow will be positive day for S&P500.

This is not a financial advice. I am doing it for fun and my analysis.

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