Market Prediction for 11/02/2023

 Today's market prediction(11/01/2023) was wrong. The S&P500 is up by 1.05%.

Let's focus on tomorrow.

+ve(up) reasoning:

1. S&P500 futures are up by 0.26% ES00 | E-Mini S&P 500 Future Continuous Contract Overview | MarketWatch
2. DOW futures are up by 0.07% YM00 | E-Mini Dow Continuous Contract Overview | MarketWatch
3. FED skipped the interest rate hike.

-ve(down) reasoning:

1. oil price is up.
2. geo-political situation

Unknown: 

1. initial jobless claims, US productivity reports
2. Earning reports for Apple, Eli Lilly, Starbucks etc.

planning to stick with futures direction and predicting tomorrow will be +ve day (11/02/2023).

This is not a financial advice. Just for my analysis.