Sunday, November 19, 2023

Market s&p500 prediction for Nov 20th 2023

 Reasoning for tomorrow's market

+ve(UP) reasoning:

  1. Santa Claus rally
  2. Start of a week
-ve (Down)reasoning :
  1. S&P500 futures are down- https://www.google.com/finance/quote/ESW00:CME_EMINIS?sa=X&ved=2ahUKEwiG_qyCwNGCAxVoAjQIHSeOCxcQ3ecFegQICxAb
  2. Dow futures are down- https://www.google.com/finance/quote/YMW00:CBOT?sa=X&ved=2ahUKEwjf6NSnwNGCAxVKOTQIHc0HClkQ3ecFegQIDBAb
  3. Oil price is up
  4. Geo political
  5. Marco view on world economy 
Unknown:
  1. US economy leading indicators 

Tomorrow's prediction is that the market will be down as I am leaning on futures direction.



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