·
| Price | ▼ 0.06% | ▲ 0.07% | ▲ 0.17% | ▼ 0.25% |
| Energy | ▼ 23.8 | ▼ 1.5 | ▲ 25.2 | ▼ 82.4 |
Trend of Neutral SPX500 Index 1H
▸When SPX500 Index is in Neutral:
- then SPX500 Index moved to higher Market State: 2,895 times — 53.7%
- then SPX500 Index moved to lower Market State: 2,500 times — 46.3%
▸Current SPX500 Index market energy: 2.31%
- Distance to upper bound of Neutral (at 20.88%): 18.57%
- Distance to lower bound of Neutral (at -20.88%): 23.19%
"To truly understand anything, study its history" — 2AITRADING
SPX500 recorded in the neutral energy level between Bull and Bear as the 1H candle ended.
On the 2AiTrading energy system, Market Energy dropped -82.4% this candle, currently 2.3% (previous candle 84.7%).
Time in Neutral energy zone: 1 1H 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 -91.4 to +99.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SPX500 Index price and energy show when this 1H candle closed?
When the 1H candle at 21:00 on 29-03-2023 closed, SPX500 Index was at 4,005, down 0.25% from the previous candle (4,015). Market Energy was 2.3%, down 82.4 points from 84.7%, 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 1H candle, and how large is that historically?
SPX500 closed at 4,005, down 0.25% from the previous 1H candle (4,015). This drop is larger than 80% of past drops on the 1H timeframe for SPX500, across 25,096 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 82.4 percentage points from the previous candle — from 84.7% to 2.3%. This drop is larger than 96% of past drops on the 1H 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 1H candle?
The previous 1H candle had SPX500 Index at 84.7%, Bull Extreme — when this candle closed, SPX500 Index moved down to a lower zone: Bull Extreme → Neutral.
Where does SPX500 Index energy sit within the Neutral zone?
At 2.3%, SPX500 Index is 18.57 points from the upper boundary of Neutral (20.88%) and 23.19 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 Bull Bias with energy 56.1%. Against this backdrop, SPX500 Index (Neutral, 2.3%) 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 Bias with Market Energy 22%. SPX500 Index energy is currently below DXY by 19.7 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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