AI-Generated Market Forecast by Pattern Matching: Nov 2023

Our financial AI engine, OdinUltra, forecasts the future by understanding history. OdinUltra remembers financial market history, going as far back as the 1920s. Its pattern matching algorithm combs the past to identify the closest matches to current market conditions in real time. Over one hundred indicators that cover different aspects of the financial markets are used, including fundamental, technical, macro-economic, and investor behavioral aspects.

S&P 500’s forward median and range for the horizons of one-week and one-month are calculated from the closest matches, weighted by the match scores. Results are displayed in real time on Odin’s Market View page.

S&P 500 Target Range (as of Nov 29, 2023):

One-week: median 4563 (+0.3%), bottom 10%-tile: 4491 (-1.3%), top 10%-tile: 4615 (+1.4%)

One-month: median 4594 (+1.0%), bottom 10%-tile: 4370 (-4.0%), top 10%-tile: 4697 (+3.2%)

For further details, user can click “Pattern Matches”. Closest Pattern Matches are listed according to their match score rank. More than 450 instances are located for this trading day and categorized. Main theme appears to be volatility driven.

For each one, the associated market action and drivers are available.

For instance, for the top match, we notice a combination of drivers from sentiment, fed rates, the economy, and commodities.

Users can access this live daily. To learn more, request a trial at OdinUltra.ai.