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| Price | ▲ 0.81% | ▲ 3.33% | ▼ 2.65% | ▼ 2.27% |
| Energy | ▼ 0.1 | ▲ 4.8 | ▼ 27.9 | ▼ 96.1 |
Trend of Bear Bias SPX500 Index Weekly
▸When SPX500 Index is in Bear Bias:
- then SPX500 Index moved to higher Market State: 31 times — 64.6%
- then SPX500 Index moved to lower Market State: 17 times — 35.4%
▸Current SPX500 Index market energy: -24.35%
- Distance to upper bound of Bear Bias (at -20.88%): 3.47%
- Distance to lower bound of Bear Bias (at -60%): 35.65%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
From the just-closed Weekly candle data, SPX500 classified as the energy state tilted toward Bear.
On the 2AiTrading energy system, Compared to the previous candle (71.8%), Market Energy dropped -96.1% to -24.4%.
Time in Bear Bias energy zone: 1 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 07-09-2020 closed, SPX500 Index was at 3,338.3, down 2.27% from the previous candle (3,416). Market Energy was -24.4%, down 96.1 points from 71.8%, 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 Weekly candle, and how large is that historically?
SPX500 closed at 3,338.3, down 2.27% from the previous Weekly candle (3,416). This drop is larger than 75% of past drops on the Weekly timeframe for SPX500, across 88 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy fell 96.1 percentage points from the previous candle — from 71.8% to -24.4%. This drop is larger than 93% of past drops on the Weekly timeframe for SPX500.
Do SPX500 price and energy agree?
Yes. Both price and energy moved down on this candle. 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 71.8%, Bull Critical — when this candle closed, SPX500 Index moved down to a lower zone: Bull Critical → Bear Bias.
Where does SPX500 Index energy sit within the Bear Bias zone?
At -24.4%, SPX500 Index is 3.47 points from the upper boundary of Bear Bias (-20.88%) and 35.65 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 Bull Bias with energy 24.2%. Against this backdrop, SPX500 Index (Bear Bias, -24.4%) 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 Bear Critical with Market Energy -64.8%. 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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