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| Price | ▼ 0.03% | ▲ 0.11% | ▲ 0.35% | ▼ 0.48% |
| Energy | ▲ 1.4 | ▼ 0.1 | ▲ 12.1 | ▼ 16.8 |
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: 32.29%
- Distance to upper bound of Bull Bias (at 60%): 27.71%
- Distance to lower bound of Bull Bias (at 20.88%): 11.41%
"Does history really repeat itself?" — 2AITRADING
With the Daily candle just closed, SPX500 recorded in the Bull Bias energy level.
The market energy reading Market Energy reading dropped -16.8%, moving from 49.1% to 32.3% after the Daily candle.
Time in Bull Bias energy zone: 5 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 +4.4 to +49.1.
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 30-04-2021 closed, SPX500 Index was at 4,189, down 0.48% from the previous candle (4,209.2). Market Energy was 32.3%, down 16.8 points from 49.1%, 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 4,189, down 0.48% from the previous Daily candle (4,209.2). This drop is larger than 50% of past drops on the Daily timeframe for SPX500, across 724 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 16.8 percentage points from the previous candle — from 49.1% to 32.3%. This drop is larger than 65% of past drops on the Daily timeframe for SPX500.
Do SPX500 price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes a closed candle, not a forecast of where price goes next.
What state was SPX500 Index in on the previous Daily candle?
The previous Daily candle had SPX500 Index at 49.1%, Bull Bias — this candle kept the same state, no zone change.
Where does SPX500 Index energy sit within the Bull Bias zone?
At 32.3%, SPX500 Index is 27.71 points from the upper boundary of Bull Bias (60%) and 11.41 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bear Bias with energy -22.5%. Against this backdrop, SPX500 Index (Bull Bias, 32.3%) has higher energy 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 Bias with Market Energy 41.9%. 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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