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| Price | ▼ 0.67% | ▼ 0.69% | ▼ 0.59% | ▲ 0.69% |
| Energy | ▼ 8.7 | ▼ 16.0 | ▼ 12.6 | ▲ 7.7 |
Trend of Bull Bias SPX500 Index Weekly
▸When SPX500 Index is in Bull Bias:
- then SPX500 Index moved to higher Market State: 36 times — 60%
- then SPX500 Index moved to lower Market State: 24 times — 40%
▸Current SPX500 Index market energy: 37.85%
- Distance to upper bound of Bull Bias (at 60%): 22.15%
- Distance to lower bound of Bull Bias (at 20.88%): 16.97%
"Does history really repeat itself?" — 2AITRADING
As the Weekly session concludes, SPX500 Index in Bull Bias.
Market trend update: Energy delta +7.7%: Market Energy at 37.8%, previously 30.2%.
Time in Bull Bias energy zone: 4 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SPX500 Index price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 07-10-2019 closed, SPX500 Index was at 2,968.8, up 0.69% from the previous candle (2,948.6). Market Energy was 37.8%, up 7.7 points from 30.2%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did SPX500 price move on this Weekly candle, and how large is that historically?
SPX500 closed at 2,968.8, up 0.69% from the previous Weekly candle (2,948.6). This rise is larger than 31% of past rises on the Weekly timeframe for SPX500, across 40 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy rose 7.7 percentage points from the previous candle — from 30.2% to 37.8%. This rise is larger than 24% of past rises on the Weekly timeframe for SPX500.
Do SPX500 price and energy agree?
Yes. On this candle price rose and energy rose — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was SPX500 Index in on the previous Weekly candle?
The previous Weekly candle had SPX500 Index at 30.2%, Bull Bias — this candle kept the same state, no zone change.
Where does SPX500 Index energy sit within the Bull Bias zone?
At 37.8%, SPX500 Index is 22.15 points from the upper boundary of Bull Bias (60%) and 16.97 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Bull Critical with energy 62.9%. Against this backdrop, SPX500 Index (Bull Bias, 37.8%) 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 29.6 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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