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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: 47.22%
- Distance to upper bound of Bull Bias (at 60%): 12.78%
- Distance to lower bound of Bull Bias (at 20.88%): 26.34%
"Does history really repeat itself?" — 2AITRADING
After the system processes the 1H candle, SPX500 noted at the Bull trend energy zone.
On the energy side, A +120.2% change from the previous candle, Market Energy is now 47.2% (previous: -73%).
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 -94.3 to +93.1.
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 21:00 on 20-12-2023 closed, SPX500 Index was in Bull Bias with Market Energy 47.2%, 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 rose 120.2 percentage points from the previous candle — from -73% to 47.2%.
What state was SPX500 Index in on the previous 1H candle?
The previous 1H candle had SPX500 Index at -73%, Bear Critical — when this candle closed, SPX500 Index moved up to a higher zone: Bear Critical → Bull Bias.
Where does SPX500 Index energy sit within the Bull Bias zone?
At 47.2%, SPX500 Index is 12.78 points from the upper boundary of Bull Bias (60%) and 26.34 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 -40.5%. Against this backdrop, SPX500 Index (Bull Bias, 47.2%) 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 Bear Extreme with Market Energy -89.2%. SPX500 Index (Bull Bias) and DXY currently sit on opposite sides.
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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