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Trend of Bear Bias SPX500 Index 1H
▸When SPX500 Index is in Bear Bias:
- then SPX500 Index moved to higher Market State: 3,247 times — 64.2%
- then SPX500 Index moved to lower Market State: 1,814 times — 35.8%
▸Current SPX500 Index market energy: -31.58%
- Distance to upper bound of Bear Bias (at -20.88%): 10.7%
- Distance to lower bound of Bear Bias (at -60%): 28.42%
"History always repeats itself, one way or another" — 2AITRADING
Following the completion of the 1H candle, SPX500 recorded in the Bear trend energy zone.
Market energy measurement Energy delta -84.1%: Market Energy at -31.6%, previously 52.6%.
Time in Bear 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 -99.3 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 21:00 on 18-07-2024 closed, SPX500 Index was in Bear Bias with Market Energy -31.6%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 84.1 percentage points from the previous candle — from 52.6% to -31.6%.
What state was SPX500 Index in on the previous 1H candle?
The previous 1H candle had SPX500 Index at 52.6%, Bull Bias — when this candle closed, SPX500 Index moved down to a lower zone: Bull Bias → Bear Bias.
Where does SPX500 Index energy sit within the Bear Bias zone?
At -31.6%, SPX500 Index is 10.7 points from the upper boundary of Bear Bias (-20.88%) and 28.42 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 Bear Extreme with energy -75.1%. Against this backdrop, SPX500 Index (Bear Bias, -31.6%) 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 Bull Extreme with Market Energy 77.3%. SPX500 Index (Bear 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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