Market overwhelmingly predicts the S&P 500 will open down on March 24.
The prediction market indicates a 99.95% probability that the S&P 500 will open down on March 24, with minimal support for an upward opening. The Pulse AI also aligns closely with this sentiment, suggesting a low likelihood of an upward movement. With an edge of 0.95, the market appears to be fairly priced, reflecting strong confidence in the prediction.
This market will resolve to "Up" if the official S&P 500 Index open price for S&P 500 (SPX) on March 24 is higher than the official S&P 500 Index closing price for SPX on the most recent prior trading day.
This market will resolve to "Down" if the official S&P 500 Index open price for S&P 500 (SPX) on March 24 is lower than the official S&P 500 Index closing price for SPX on the most recent prior trading day.
E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless that Friday were a market holiday, in which case it would refer to Thursday, or the next most recent trading day.
If the two prices are exactly equal, this market will resolve 50-50. Note that all figures will be rounded to the nearest cent using standard rounding.
If SPX does not trade at all during the regular session, the market will resolve 50-50.
If either of the relevant days are shortened (for example, due to a market holiday schedule), the official open/close price published by S&P 500 Index for that shortened session will still be used for resolution.
If the previous trading day has no official closing price (for example, due to a trading halt into t