Today's market prediction was correct and the S&P500 is up 1.20%.
Let's try to reason the market for tomorrow.
+ve(up) reasoning:
- Might be its oversold last week.
- Santa Claus rally may be going to start.
-ve(down) reasoning:
- S&P futures are down ES00 | E-Mini S&P 500 Future Continuous Contract Overview | MarketWatch
- Dow futures are down slightly YM00 | E-Mini Dow Continuous Contract Overview | MarketWatch
- WTI Crude is up 0.46% Crude Oil Price Today | WTI OIL PRICE CHART | OIL PRICE PER BARREL | Markets Insider (businessinsider.com)
- Geo-political situation and interest is high.
Unknown:
- Consumer confidence is going to come tomorrow.
- earning for companies Samsung,Pfizer,AMD etc. tomorrow.
I am planning to stick with numbers. Since oil price is up and futures are down, prediction for tomorrow (10/31/2023) is that S&P500 is going to be -ve.
This is not a financial advice. This is just for my fun and my analysis.
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