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| Price | ▲ 0.76% | ▼ 0.72% | ▲ 0.35% | ▼ 0.19% |
| Energy | ▼ 4.0 | ▼ 27.9 | ▼ 9.9 | ▼ 6.2 |
Trend of Bull Bias SPX500 Index Daily
▸When SPX500 Index is in Bull Bias:
- then SPX500 Index moved to higher Market State: 229 times — 54.9%
- then SPX500 Index moved to lower Market State: 188 times — 45.1%
▸Current SPX500 Index market energy: 44.22%
- Distance to upper bound of Bull Bias (at 60%): 15.78%
- Distance to lower bound of Bull Bias (at 20.88%): 23.34%
"History always repeats itself, one way or another" — 2AITRADING
Right as the Daily candle closes, SPX500 Index classified as the Bull Bias energy level.
The energy side shows Energy delta -6.2%: Market Energy at 44.2%, previously 50.4%.
Time in Bull Bias energy zone: 2 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, SPX500 Index Market Energy ranged from +44.2 to +92.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SPX500 Index price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 16-12-2016 closed, SPX500 Index was at 2,260.55, down 0.19% from the previous candle (2,264.85). Market Energy was 44.2%, down 6.2 points from 50.4%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did SPX500 price move on this Daily candle, and how large is that historically?
SPX500 closed at 2,260.55, down 0.19% from the previous Daily candle (2,264.85).
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 6.2 percentage points from the previous candle — from 50.4% to 44.2%.
Do SPX500 price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was SPX500 Index in on the previous Daily candle?
The previous Daily candle had SPX500 Index at 50.4%, Bull Bias — this candle kept the same state, no zone change.
Where does SPX500 Index energy sit within the Bull Bias zone?
At 44.2%, SPX500 Index is 15.78 points from the upper boundary of Bull Bias (60%) and 23.34 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: GER40 (European equities) in Bull Extreme with energy 81.7%. Against this backdrop, SPX500 Index (Bull Bias, 44.2%) lower than GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Extreme with Market Energy 91.6%. SPX500 Index (Bull Bias) and DXY currently sit on the same Bull side.
See the real-time energy chart for SPX500 Index.
Open Energy ChartSee the full 2AiTrading Model data for SPX500 on the SPX500 Index overview →
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