The prediction for today was correct and S&P500 was down 0.81%.
Let's reason for tomorrow's market:
+ve(UP) reasoning:
- S&P futures are up - ES00 | E-Mini S&P 500 Future Continuous Contract Overview | MarketWatch
- Santa Claus rally
- Might be oversold today.
-ve(Down) reasoning:
- DOW futures are down - DWCF | Dow Jones U.S. Total Stock Market Index Overview | MarketWatch
- oil price is slightly up - Crude Oil Prices Today | OilPrice.com
- Marco
- Geo-political
Unknown:
- FED chairman speech on IMF
- 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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