Thursday, November 9, 2023

Market S&P500 prediction for 11/10/2023

 The prediction for today was correct and S&P500 was down 0.81%.


Let's reason for tomorrow's market:

+ve(UP) reasoning:

  1. S&P futures are up - ES00 | E-Mini S&P 500 Future Continuous Contract Overview | MarketWatch
  2. Santa Claus rally
  3. Might be oversold today.

-ve(Down) reasoning:
Unknown: 
  1. FED chairman speech on IMF
  2. Some companies earning - Earnings Calendar | Markets Insider (businessinsider.com)

With above the call is tough, but I am sticking with oil price as indicator and prediction tomorrow (11/10/2023) S&P500 will be down.

THIS IS NOT A FINANCIAL ADVICE. JUST FOR MY ANALYSIS.



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