Market prediction for 11/08/2023

 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:

1. Oil price is down - WTI crude - Crude Oil Prices Today | OilPrice.com
2. Santa Claus rally

-ve(Down) reasoning:

1. S&P futures are slightly down - ES00 | E-Mini S&P 500 Future Continuous Contract Overview | MarketWatch
2. DOW futures also slightly down - Dow Jones 30 Industrial | Index Futures | Markets Insider (businessinsider.com)
3. Geo-political and macro view on the world.

Unknown: 

1. FED chairman opening remarks.
2. 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.