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Results of S&P 500 (GSPC) Index Forecast

Updated Feb 27, 2020
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How are the forecasts offered by QForecast.com performing and what were the results of the forecasts made in the past? To ensure transparency, here are the results of the past predictions made by QForecast.com for S&P 500 (GSPC) index.
By default, this page shows the results of the forecasts made for S&P 500 Index for the target date which has just passed. In most cases, it will be the latest Friday before today's date in EST timezone (or the prior business day in case the latest Friday happens to be a market holiday).
To check for the results of other forecasts made for other stocks/ on other forecasting dates/ for other target dates, please submit the above form by selecting appropriate values.

As of forecast date of Tuesday, 21 January 2020, the index of S&P 500 closed at the value of 3,320.79. Based on the closing price and based on a few other key price forecasting parameters, the forecasts which were made by QForecast.com for various up-side and down-side target price levels are listed below. Additionally, the last two columns contain the results of the forecasts - whether the mentioned target levels were achieved ( Hit), or failed to achieve ( Miss), or if there is still time left to complete the forecast period ( Wait). Also included with the results are the dates during the forecasting period and the corresponding high and low prices of the S&P 500 Index price, and whether those prices successfully exceeded the mentioned price target levels, or if they fell short of the expectations.

Past Prediction Results for S&P 500 Index

Results of the forecasts made on Tuesday, 21 January 2020 for target levels for S&P 500 index by target date Friday, 28 February 2020 with the results achieved.
UP-SIDE Forecast Target Level Period RecommendationResult Result Comment
Very High probability of 82.64% that price will go UP by +0.5% to the target level of 3,337.39from Wed, 22-Jan-20 to Fri, 28-Feb-2020  A probability of 82.64% represents a very high chance of positive outcome! Trade can be made with high chance of profit. HitIndex hit a high of 3,393.52 on 19-Feb-2020
Good probability of 71.07% that price will go UP by +1% to the target level of 3,354.00from Wed, 22-Jan-20 to Fri, 28-Feb-2020  A probability of 71.07% represents a high chance of positive outcome. One can trade though stop-loss is advised. HitIndex hit a high of 3,393.52 on 19-Feb-2020
Low probability of 45.45% that price will go UP by +2% to the target level of 3,387.21from Wed, 22-Jan-20 to Fri, 28-Feb-2020  A probability of 45.45% represents a risky proposition. The trade may be a gamble at your own risk. HitIndex hit a high of 3,393.52 on 19-Feb-2020
Low probability of 25.62% that price will go UP by +3% to the target level of 3,420.41from Wed, 22-Jan-20 to Fri, 28-Feb-2020  A probability of 25.62% represents a risky proposition. The trade may be a gamble at your own risk. MissIndex hit a high of 3,393.52 on 19-Feb-2020 but fell short of the target price of 3,420.41 against expected probability of 25.62%
As other UP-SIDE target levels had a probability of less-than 25%, no forecasts were made and results are not included.

DOWN-SIDE Forecast Target Level Period RecommendationResult Result Comment
Good probability of 71.9% that price will go DOWN by -0.5% to the target level of 3,304.19from Wed, 22-Jan-20 to Fri, 28-Feb-2020  A probability of 71.9% represents a high chance of positive outcome. One can trade though stop-loss is advised. HitIndex touched a low of 2,977.39 on 27-Feb-2020
Average probability of 59.5% that price will go DOWN by -1% to the target level of 3,287.58from Wed, 22-Jan-20 to Fri, 28-Feb-2020  A probability of 59.5% represents a game of 50-50 : it may hit, it may miss. Trade at your own risk! HitIndex touched a low of 2,977.39 on 27-Feb-2020
Low probability of 39.67% that price will go DOWN by -2% to the target level of 3,254.37from Wed, 22-Jan-20 to Fri, 28-Feb-2020  A probability of 39.67% represents a risky proposition. The trade may be a gamble at your own risk. HitIndex touched a low of 2,977.39 on 27-Feb-2020
Low probability of 25.62% that price will go DOWN by -3% to the target level of 3,221.17from Wed, 22-Jan-20 to Fri, 28-Feb-2020  A probability of 25.62% represents a risky proposition. The trade may be a gamble at your own risk. HitIndex touched a low of 2,977.39 on 27-Feb-2020
Since other DOWN-SIDE target levels had a probability of less-than 25%, no forecasts were made and results are not included.

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