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| Price | ▲ 0.07% | ▼ 0.06% | ▼ 0.35% | ▼ 0.68% |
| Energy | ▲ 0.4 | ▼ 4.5 | ▼ 23.3 | ▼ 64.1 |
Trend of Neutral SPX500 Index Daily
▸When SPX500 Index is in Neutral:
- then SPX500 Index moved to higher Market State: 206 times — 58%
- then SPX500 Index moved to lower Market State: 149 times — 42%
▸Current SPX500 Index market energy: -17.15%
- Distance to upper bound of Neutral (at 20.88%): 38.03%
- Distance to lower bound of Neutral (at -20.88%): 3.73%
"A person's history reveals more than you might think" — 2AITRADING
SPX500 recorded in trend energy in a neutral state as the Daily candle ended.
Looking at the energy level, Market Energy moved from 47% to -17.1%, down -64.1% from the previous candle.
Time in Neutral 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 -17.1 to +74.8.
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 06-09-2023 closed, SPX500 Index was at 4,466.1, down 0.68% from the previous candle (4,496.6). Market Energy was -17.1%, down 64.1 points from 47%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did SPX500 price move on this Daily candle, and how large is that historically?
SPX500 closed at 4,466.1, down 0.68% from the previous Daily candle (4,496.6). This drop is larger than 60% of past drops on the Daily timeframe for SPX500, across 1,456 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 64.1 percentage points from the previous candle — from 47% to -17.1%. This drop is larger than 93% 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 47%, Bull Bias — when this candle closed, SPX500 Index moved down to a lower zone: Bull Bias → Neutral.
Where does SPX500 Index energy sit within the Neutral zone?
At -17.1%, SPX500 Index is 38.03 points from the upper boundary of Neutral (20.88%) and 3.73 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Neutral with energy -16.2%. Against this backdrop, SPX500 Index (Neutral, -17.1%) sits in the same state zone as 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 Critical with Market Energy 65.7%. SPX500 Index energy is currently below DXY by 82.9 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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