Market prediction(S&P500) for 11/03/2023

 Today's prediction was correct. The S&P500 is up by 1.89%.

Let's try to predict tomorrow's market.

+ve(up) reasoning:

1. FED skipped the rate hike. 
2. Santa Claus rally for year end

-ve(down) reasoning:

1. S&P500 futures down by 0.15% ES00 | E-Mini S&P 500 Future Continuous Contract Overview | MarketWatch
2. DOW futures down by 0.01% YM00 | E-Mini Dow Continuous Contract Overview | MarketWatch
3. Friday selling
4. APPL down by   3.39%  AAPL 177.57 +3.60 +2.07% : Apple Inc - MSN Money
5. Geo-political situation
6. WTI oil price up by 0.11%

Looking at the reasoning, oil price is up, and futures are down, I am sticking with futures direction. The prediction is that the market will be -ve tomorrow (11/03/2023).

 

THIS IS NOT A FINANCIAL ADVICE.JUST MY ANALYSIS