Tuesday, October 24, 2023

S&P500 prediction for 10/25/2023

My today's prediction was wrong for S&P500 and it was UP by 0.73%.


Let's focus on tomorrow,

+ve(UP) reasoning:

  1. Oil price down 0.13%.
  2. Santa Claus rally.
-ve(DOWN) reasoning:
  1. S&P500 futures is down.
  2. DOW futures down by 0.06%.
  3. Macro market view
Unknown: Meta,T-Mobile,Servicenow etc. companies reporting earnings tomorrow.

I am sticking with futures direction and my prediction for tomorrow (10/25/2023) is -ve day.

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