S&P500 was up today, and my prediction was correct - INX 4,378.38 +12.40 +0.28% : S&P 500 - MSN Money
Let's focus on tomorrow's prediction.
+ve(UP) reasoning:
- Oil price is down - WTI crude - Crude Oil Prices Today | OilPrice.com
- Santa Claus rally
-ve(Down) reasoning:
- S&P futures are slightly down - ES00 | E-Mini S&P 500 Future Continuous Contract Overview | MarketWatch
- DOW futures also slightly down - Dow Jones 30 Industrial | Index Futures | Markets Insider (businessinsider.com)
- Geo-political and macro view on the world.
Unknown:
- FED chairman opening remarks.
- Some companies earning tomorrow - Company Earnings Calendar - Yahoo Finance
Very hard to predict day when FED chairman speak. But still oil price is going down, I guess that market will be +ve tomorrow (11/08/2023).
THIS IS NOT A FINANCIAL ADVICE. THIS IS JUST FOR MY ANALYSIS.
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