Interpreted Prediction
Predicted the stock market would complete a "Melt up thesis" with a "blowoff top move" within the next five trading sessions (from 2023-10-27).
AI Evaluation Notes
The prediction stated that the stock market would complete a 'Melt up thesis' with a 'blowoff top move' within five trading sessions from October 27, 2023. On October 27, 2023, the S&P 500 was in a decline, falling 1.2% and marking its sixth decline in seven sessions. While the market did experience a rally in the week ending November 3, 2023, with the S&P 500 rising 5.9% for the week, this was a recovery from a downtrend, not a 'blowoff top move' to complete a 'melt up thesis' within the specified timeframe. A blow-off top is characterized by a rapid price increase followed by a sharp decline, which did not occur within the predicted five trading sessions.
Prediction Details
Topic
Target
Completion of "Melt up thesis" with a "blowoff top move"
Predicted
date
within the next five trading sessions