Analysis

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Price and energy
SPX500 Index from 6,868.5 to 6,841.8 points, down 0.39%
Market Energy Bull Bias 43.4% to Neutral 12.8%, down 30.6 pts
Price and energy are in agreement
Volatility · vs history since 2019
Price down 0.39% — higher than 92% of past drops
Energy down 30.6 pts — higher than 81% of past drops
Volatility trend · last 4 candlespriceenergy
0.170.240.000.3916.154.011.030.6-3-2-1nến này
SPX500 hub
RESEARCH

Trend of Neutral SPX500 Index 1H

Sample: 69,448 1H candles from 2015-01-01 to 2026-08-28
Number of Neutral occurrences: 5,341 times

When SPX500 Index is in Neutral:

  • then SPX500 Index moved to higher Market State: 2,866 times53.7%
  • then SPX500 Index moved to lower Market State: 2,475 times46.3%

Current SPX500 Index market energy: 12.75%

  • Distance to upper bound of Neutral (at 20.88%): 8.13%
  • Distance to lower bound of Neutral (at -20.88%): 33.63%

"Does history really repeat itself?" — 2AITRADING

SPX500 · H1 · 2026-01-20 17:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
43.4%
Bull Bias
12.8%
Neutral
-40.1%
Bear Bias
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

SPX500 recorded in trend energy in a balanced state as the 1H candle ended.

Market trend on the 2AiTrading energy system Compared to the previous candle (43.4%), Market Energy dropped -30.6% to 12.8%.

Time in Neutral energy zone: 1 1H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, SPX500 Index Market Energy ranged from -98 to +59.3.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What state was SPX500 Index on 1H when this candle closed?

When the 1H candle at 00:00 on 21-01-2026 closed, SPX500 Index was in Neutral with Market Energy 12.8%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.

How did SPX500 Index Market Energy change from the previous candle?

Market Energy fell 30.6 percentage points from the previous candle — from 43.4% to 12.8%.

What state was SPX500 Index in on the previous 1H candle?

The previous 1H candle had SPX500 Index at 43.4%, Bull Bias — when this candle closed, SPX500 Index moved down to a lower zone: Bull Bias → Neutral.

Where does SPX500 Index energy sit within the Neutral zone?

At 12.8%, SPX500 Index is 8.13 points from the upper boundary of Neutral (20.88%) and 33.63 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 Neutral with energy -13.5%. Against this backdrop, SPX500 Index (Neutral, 12.8%) sits in the same state zone as 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 -17.2%. SPX500 Index energy is currently above DXY by 29.9 points.

Real-time Energy Chart

See the real-time energy chart for SPX500 Index.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for SPX500 on the SPX500 Index overview →

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