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| Price | ▲ 0.10% | ▼ 0.67% | ▲ 0.71% | ▼ 1.00% |
| Energy | ▲ 18.6 | ▼ 22.8 | ▲ 8.0 | ▼ 17.0 |
Trend of Bear Bias SPX500 Index Daily
▸When SPX500 Index is in Bear Bias:
- then SPX500 Index moved to higher Market State: 190 times — 64.8%
- then SPX500 Index moved to lower Market State: 103 times — 35.2%
▸Current SPX500 Index market energy: -25.59%
- Distance to upper bound of Bear Bias (at -20.88%): 4.71%
- Distance to lower bound of Bear Bias (at -60%): 34.41%
"To truly understand anything, study its history" — 2AITRADING
SPX500 processing result: the Bear trend energy zone after the Daily candle closed.
Market trend on the 2AiTrading energy system Market Energy moved from -8.6% to -25.6%, down -17% from the previous candle.
Time in Bear Bias energy zone: 1 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 -25.6 to +6.1.
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 05-01-2023 closed, SPX500 Index was at 3,812.1, down 1% from the previous candle (3,850.6). Market Energy was -25.6%, down 17.0 points from -8.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did SPX500 price move on this Daily candle, and how large is that historically?
SPX500 closed at 3,812.1, down 1% from the previous Daily candle (3,850.6). This drop is larger than 70% of past drops on the Daily timeframe for SPX500, across 1,247 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 17 percentage points from the previous candle — from -8.6% to -25.6%. This drop is larger than 63% of past drops on the Daily timeframe for SPX500.
Do SPX500 price and energy agree?
Yes. Both price and energy moved down on this candle. 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 -8.6%, Neutral — when this candle closed, SPX500 Index moved down to a lower zone: Neutral → Bear Bias.
Where does SPX500 Index energy sit within the Bear Bias zone?
At -25.6%, SPX500 Index is 4.71 points from the upper boundary of Bear Bias (-20.88%) and 34.41 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bias with energy 50.9%. Against this backdrop, SPX500 Index (Bear Bias, -25.6%) 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 Neutral with Market Energy -2%. SPX500 Index energy is currently below DXY by 23.6 points.
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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