Atilla
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Welcome all to the opening of the 2022 S&P 500 weekly forecast competition.
The competition is open to all forum members and is free to enter, no catches, no spam, no hard sells, just make a prediction for the end of week, Friday close of the S&P500 cash market. Joining the competition can be made at any time throughout the year just by posting a forecast in this thread, your name and forecast will then appear on the published spreadsheet along with all other competitors, the earlier you join in the year/quarter, the more of a chance of winning a prize, its never too late to join to be in with a chance.
There may be quarterly Amazon Vouchers as prize for the top forecaster but this is yet to be confirmed. However, the quality of forecasting, the banter and taking medals for predicting Friday's closing level is a fab feeling of victory to get your weekends off to a good start.
A simple set of rules govern the running of the competition:
1. The closing price of the S&P 500 cash index is used at the end of each week.
2. Make a price forecast anytime between the close of the previous week and before the opening bell of the first trading day of the following week, post your forecast in this thread. That is Monday morning US time before markets open. Usually 2:30 GMT.
3. No late entries accepted
Scoring
b) 2 points for second nearest (silver medal)
c) 1 point for third nearest (bronze medal)
d) 1 point will be deducted if direction of the forecast is wrong
3. All entries should be in before Monday's weekly opening session of US markets
That's it. The usual regulars will know the format. To all the new comers, this is the real competition that separates the wafflers from consistent market traders who get the moves right.
So let me have your forecasts for the S&P500 Cash index closing level for cob 12th Feb, before US markets open on Monday 8th of February. I'll do the rest.
Good forecasting to all you traders out there....
(quick link to last year's competition for reference)
The competition is open to all forum members and is free to enter, no catches, no spam, no hard sells, just make a prediction for the end of week, Friday close of the S&P500 cash market. Joining the competition can be made at any time throughout the year just by posting a forecast in this thread, your name and forecast will then appear on the published spreadsheet along with all other competitors, the earlier you join in the year/quarter, the more of a chance of winning a prize, its never too late to join to be in with a chance.
There may be quarterly Amazon Vouchers as prize for the top forecaster but this is yet to be confirmed. However, the quality of forecasting, the banter and taking medals for predicting Friday's closing level is a fab feeling of victory to get your weekends off to a good start.
A simple set of rules govern the running of the competition:
1. The closing price of the S&P 500 cash index is used at the end of each week.
2. Make a price forecast anytime between the close of the previous week and before the opening bell of the first trading day of the following week, post your forecast in this thread. That is Monday morning US time before markets open. Usually 2:30 GMT.
3. No late entries accepted
Scoring
- Get 1 point for getting direction correct from previous Friday close
- Having got direction right then:-
b) 2 points for second nearest (silver medal)
c) 1 point for third nearest (bronze medal)
d) 1 point will be deducted if direction of the forecast is wrong
3. All entries should be in before Monday's weekly opening session of US markets
That's it. The usual regulars will know the format. To all the new comers, this is the real competition that separates the wafflers from consistent market traders who get the moves right.
So let me have your forecasts for the S&P500 Cash index closing level for cob 12th Feb, before US markets open on Monday 8th of February. I'll do the rest.
Good forecasting to all you traders out there....
(quick link to last year's competition for reference)
