·
| Price | ▲ 0.07% | ▼ 0.04% | ▲ 0.02% | ▼ 0.06% |
| Energy | ▼ 0.1 | ▼ 3.3 | ▼ 0.7 | ▼ 10.8 |
Trend of Bull Critical SPX500 Index 1H
▸When SPX500 Index is in Bull Critical:
- then SPX500 Index moved to higher Market State: 1,322 times — 35.9%
- then SPX500 Index moved to lower Market State: 2,363 times — 64.1%
▸Current SPX500 Index market energy: 62.79%
- Distance to upper bound of Bull Critical (at 74.5%): 11.71%
- Distance to lower bound of Bull Critical (at 60%): 2.79%
"To truly understand anything, study its history" — 2AITRADING
Following the completion of the 1H candle, SPX500 currently in the near-peak Bull energy zone.
On the 2AiTrading energy system, Market Energy dropped -10.8% this candle, currently 62.8% (previous candle 73.6%).
Time in Bull Critical 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 -78 to +99.9.
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 07:00 on 15-10-2024 closed, SPX500 Index was at 5,872.4, down 0.06% from the previous candle (5,876). Market Energy was 62.8%, down 10.8 points from 73.6%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did SPX500 price move on this 1H candle, and how large is that historically?
SPX500 closed at 5,872.4, down 0.06% from the previous 1H candle (5,876). This drop is larger than 41% of past drops on the 1H timeframe for SPX500, across 34,297 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 10.8 percentage points from the previous candle — from 73.6% to 62.8%. This drop is larger than 57% of past drops on the 1H timeframe for SPX500.
Do SPX500 price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was SPX500 Index in on the previous 1H candle?
The previous 1H candle had SPX500 Index at 73.6%, Bull Critical — this candle kept the same state, no zone change.
Where does SPX500 Index energy sit within the Bull Critical zone?
At 62.8%, SPX500 Index is 11.71 points from the upper boundary of Bull Critical (74.5%) and 2.79 points from the lower boundary (60%) — so energy sits closer to the lower boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 Extreme with energy 87.2%. Against this backdrop, SPX500 Index (Bull Critical, 62.8%) 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 8.2%. SPX500 Index energy is currently above DXY by 54.6 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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