1.     Approximately 24 hours before the due date, you will receive an email prompting you to

a.     Enter your email, and

b.     Enter your forecast for SPX in 7 days and 28 days from the due date.

2.     The price that you must forecast is the close price of SPX and NOT the adjusted close price.

3.     Your forecast should be your best estimate of SPX for 7-day and 28-day periods to the nearest cent. For example, your estimate of the price of SPX should be 3,875.74 rather than rounding up to 3,880.

4.     You may change your answer at any point before the end of the due date in your location. If your due date is 1/1/2023, for example, you can answer until 12:00 AM 1/2/2023 in your time zone.

5.     You will receive no points if you do not make a forecast.

6.     Please use the same email for each of your forecasts or your score will not be tracked.

7.     Your score will be determined both relative to your peers and to the observed value (the actual close price).

8. We recommend preparing your forecast in advance and that you use your time wisely.