Analysis

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SPX500 Index reflects the broader market, currently leaning slightly toward sellers, energy -15.5%. This still sits in the Neutral zone — the probability of a clear trend is not yet defined.

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

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RESEARCH

UP–DOWN statistics for Neutral SPX500 Index 4H

Sample: 17,968 4H candles from 2014-12-31 to 2026-08-21
Number of Neutral occurrences: 1,310 times

When SPX500 Index is in Neutral:

  • then SPX500 Index moved to higher Market State: 742 times56.6%
  • then SPX500 Index moved to lower Market State: 568 times43.4%

Current SPX500 Index market energy: -15.54%

  • Distance to upper bound of Neutral (at 20.88%): 36.42%
  • Distance to lower bound of Neutral (at -20.88%): 5.34%

"Why does archaeology matter?" — 2AITRADING

SPX500 · H4 · 2021-05-21 13:00 UTC
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Market Energy
75.8%
Bull Extreme
-15.5%
Neutral
-28.7%
Bear Bias
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

With the 4H candle just closed, SPX500 in the Neutral level.

Observing the SPX500 market this session, Market Energy reading dropped -91.3%, moving from 75.8% to -15.5% after the 4H candle.

Time in Neutral energy zone: 1 4H 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 -96.3 to +93.4.

Knowledge

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

Frequently asked questions

What state was SPX500 Index on 4H when this candle closed?

When the 4H candle at 20:00 on 21-05-2021 closed, SPX500 Index was in Neutral with Market Energy -15.5%, 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 91.3 percentage points from the previous candle — from 75.8% to -15.5%.

What state was SPX500 Index in on the previous 4H candle?

The previous 4H candle had SPX500 Index at 75.8%, Bull Extreme — when this candle closed, SPX500 Index moved down to a lower zone: Bull Extreme → Neutral.

Where does SPX500 Index energy sit within the Neutral zone?

At -15.5%, SPX500 Index is 36.42 points from the upper boundary of Neutral (20.88%) and 5.34 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Bull Critical with energy 73.4%. Against this backdrop, SPX500 Index (Neutral, -15.5%) 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 Bull Critical with Market Energy 66%. SPX500 Index energy is currently below DXY by 81.5 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. Method: see Guide.

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

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