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| Price | ▲ 0.18% | ▲ 0.37% | ▲ 0.35% | ▼ 0.78% |
| Energy | ▼ 1.7 | ▲ 15.0 | ▲ 28.4 | ▼ 91.1 |
Trend of Neutral SPX500 Index 4H
▸When SPX500 Index is in Neutral:
- then SPX500 Index moved to higher Market State: 751 times — 56.5%
- then SPX500 Index moved to lower Market State: 578 times — 43.5%
▸Current SPX500 Index market energy: -9.4%
- Distance to upper bound of Neutral (at 20.88%): 30.28%
- Distance to lower bound of Neutral (at -20.88%): 11.48%
"To truly understand anything, study its history" — 2AITRADING
The system just recorded SPX500 in trend energy in a neutral state after the 4H candle closed.
Observing the SPX500 market this session, Market Energy dropped -91.1% this candle, currently -9.4% (previous candle 81.7%).
Time in Neutral energy zone: 1 4H 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 -87.8 to +81.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SPX500 Index price and energy show when this 4H candle closed?
When the 4H candle at 20:00 on 29-09-2023 closed, SPX500 Index was at 4,300, down 0.78% from the previous candle (4,333.8). Market Energy was -9.4%, down 91.1 points from 81.7%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did SPX500 price move on this 4H candle, and how large is that historically?
SPX500 closed at 4,300, down 0.78% from the previous 4H candle (4,333.8). This drop is larger than 90% of past drops on the 4H timeframe for SPX500, across 7,336 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 91.1 percentage points from the previous candle — from 81.7% to -9.4%. This drop is larger than 96% of past drops on the 4H timeframe for SPX500.
Do SPX500 price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was SPX500 Index in on the previous 4H candle?
The previous 4H candle had SPX500 Index at 81.7%, 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 -9.4%, SPX500 Index is 30.28 points from the upper boundary of Neutral (20.88%) and 11.48 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 Extreme with energy 76.9%. Against this backdrop, SPX500 Index (Neutral, -9.4%) 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 Bias with Market Energy 54.3%. SPX500 Index energy is currently below DXY by 63.7 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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