Today's S&P 500 Stock Analysis and Prediction: Sideways Movement and Expected Correction Trend Tomorrow

Oct 09, 2023

Closed price

4,335.66

0.63%

 

 

Appropriate Investment Position: Bullish-Buy [Long-term strategy]

Today's Buy-Sell intensity analysis

The current trend appears to be 'Uptrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend and a stronger LOW-price Finally, the CLOSE-price closed with a suitable upward rate for the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

68%

 

 

Tomorrow's Buy-Sell intensity Prediction

Based on recent market trends and technical analysis, it looks like S&P 500 will enter an Correction trend tomorrow

The %intensity of Risk & Return tomorrow :

10%

HIGH ~ LOW % range tomorrow :

0.2%

-0.2%

Predicted Average loss over the next 3 days:

-0.6%

 

 

 

 

 

 

 

S&P 500 stock market 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow a sideways box pattern, with a ratio of 8 : 2 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is somewhat higher. Currently, it's in the midst of a strong uptrend in prices, marked by brief declines and strong rises. but When the stock market opened, the Buy-Sell intensity had turned into a stronger selling flow.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Neutral' for now. The appropriate selling timing is predicted to be either today or tomorrow.

The selling date is

Oct 10

 

 

A good price to sell a stock:

$ 4,342.28

And the appropriate buying timing is predicted to be in 4 days.

 

The buying date is

Oct 12

to

Oct 13

A good price to buy a stock:

$ 4,297.36

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 2 days from now, 7 days from now

54%

Prediction of Upper~Lower price range over the next 10 days

Price:

4,310.78

~

4,360.84

% Change:

-0.6%

~

0.6%

Median price between the upper and lower prices

4,335.81

0.0%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-41%

The Current trend zone & level%

Bullish

43%

The expected average trend zone & level% for the next 10 days

Bullish

74%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

50%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-43%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Entering a correction trend

10%

0.2%

-0.2%

In 2 days: Entering a correction trend

-31%

0.1%

-0.4%

In 3 days: Correction trend

-48%

0.0%

-0.6%

In 4 days: Entering an uptrend

-42%

0.0%

-0.5%

In 5 days: Entering an uptrend

100%

1.1%

-0.2%

In 6 days: Entering an uptrend

49%

0.5%

-0.2%

In 7 days: Reversion to a correction trend

41%

0.5%

-0.1%

In 8 days: Correction trend

-45%

0.0%

-0.9%

In 9 days: Correction trend

-45%

0.0%

-0.9%

In 10 days: Correction trend

-46%

0.0%

-0.7%

Average closing price in case of rising:

 

0.6%

=> HIGH ~ LOW range:

0.8%

~

-0.2%

Average closing price in case of falling:

 

-0.3%

=> HIGH ~ LOW range:

0.2%

~

-0.6%

 

The 10-day prediction and technical analysis of the S&P 500 index are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

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