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| Price | ▼ 0.10% | ▼ 0.01% | ▼ 0.10% | ▼ 0.19% |
| Energy | ▼ 1.8 | ▼ 3.4 | ▼ 15.8 | ▼ 63.5 |
Trend of Bear Bias SPX500 Index 4H
▸When SPX500 Index is in Bear Bias:
- then SPX500 Index moved to higher Market State: 817 times — 63.9%
- then SPX500 Index moved to lower Market State: 462 times — 36.1%
▸Current SPX500 Index market energy: -23.13%
- Distance to upper bound of Bear Bias (at -20.88%): 2.25%
- Distance to lower bound of Bear Bias (at -60%): 36.87%
"History always repeats itself, one way or another" — 2AITRADING
After the 4H candle closes, SPX500 reflects the Bear trend energy zone.
The energy side shows Market Energy reading dropped -63.5%, moving from 40.4% to -23.1% after the 4H candle.
Time in Bear Bias 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 -86.2 to +96.2.
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 16:00 on 30-04-2024 closed, SPX500 Index was at 5,100.6, down 0.19% from the previous candle (5,110.2). Market Energy was -23.1%, down 63.5 points from 40.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did SPX500 price move on this 4H candle, and how large is that historically?
SPX500 closed at 5,100.6, down 0.19% from the previous 4H candle (5,110.2). This drop is larger than 53% of past drops on the 4H timeframe for SPX500, across 8,226 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 63.5 percentage points from the previous candle — from 40.4% to -23.1%. This drop is larger than 92% 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 the candle that just closed; it does not say where price goes next.
What state was SPX500 Index in on the previous 4H candle?
The previous 4H candle had SPX500 Index at 40.4%, 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 -23.1%, SPX500 Index is 2.25 points from the upper boundary of Bear Bias (-20.88%) and 36.87 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 -94.5%. Against this backdrop, SPX500 Index (Bear Bias, -23.1%) 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 Bear Extreme with Market Energy -76.1%. SPX500 Index (Bear Bias) and DXY currently sit on the same Bear side.
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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