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Trend of Bull Bias SPX500 Index 1H
▸When SPX500 Index is in Bull Bias:
- then SPX500 Index moved to higher Market State: 2,413 times — 44.1%
- then SPX500 Index moved to lower Market State: 3,058 times — 55.9%
▸Current SPX500 Index market energy: 37.58%
- Distance to upper bound of Bull Bias (at 60%): 22.42%
- Distance to lower bound of Bull Bias (at 20.88%): 16.7%
"Let data guide you, but never trust it completely" — 2AITRADING
As the 1H candle closes, SPX500 within the energy zone leaning Bull.
Market trend update: A -27.2% change from the previous candle, Market Energy is now 37.6% (previous: 64.8%).
Time in Bull Bias 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 -93.2 to +99.4.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was SPX500 Index on 1H when this candle closed?
When the 1H candle at 13:00 on 10-10-2023 closed, SPX500 Index was in Bull Bias with Market Energy 37.6%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 27.2 percentage points from the previous candle — from 64.8% to 37.6%.
What state was SPX500 Index in on the previous 1H candle?
The previous 1H candle had SPX500 Index at 64.8%, Bull Critical — when this candle closed, SPX500 Index moved down to a lower zone: Bull Critical → Bull Bias.
Where does SPX500 Index energy sit within the Bull Bias zone?
At 37.6%, SPX500 Index is 22.42 points from the upper boundary of Bull Bias (60%) and 16.7 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 Bull Critical with energy 62.5%. Against this backdrop, SPX500 Index (Bull Bias, 37.6%) 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 10.4%. SPX500 Index energy is currently above DXY by 27.2 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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