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| Price | ▼ 0.22% | ▼ 2.94% | ▼ 0.68% | ▲ 0.44% |
| Energy | ▼ 8.6 | ▼ 50.1 | ▼ 8.4 | ▲ 18.3 |
Trend of Bear Critical SPX500 Index Weekly
▸When SPX500 Index is in Bear Critical:
- then SPX500 Index moved to higher Market State: 17 times — 85%
- then SPX500 Index moved to lower Market State: 3 times — 15%
▸Current SPX500 Index market energy: -69.05%
- Distance to upper bound of Bear Critical (at -60%): 9.05%
- Distance to lower bound of Bear Critical (at -74.5%): 5.45%
"A person's history reveals more than you might think" — 2AITRADING
Reading from the Weekly candle, SPX500 in the Bear Critical state.
Market trend energy Market Energy rose +18.3% this candle, currently -69.1% (previous candle -87.3%).
Time in Bear Critical 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 02-10-2023 closed, SPX500 Index was at 4,314.3, up 0.44% from the previous candle (4,295.3). Market Energy was -69.1%, up 18.3 points from -87.3%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did SPX500 price move on this Weekly candle, and how large is that historically?
SPX500 closed at 4,314.3, up 0.44% from the previous Weekly candle (4,295.3). This rise is larger than 12% of past rises on the Weekly timeframe for SPX500, across 248 candles since 2019.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy rose 18.3 percentage points from the previous candle — from -87.3% to -69.1%. This rise is larger than 62% of past rises on the Weekly timeframe for SPX500.
Do SPX500 price and energy agree?
Yes. This candle recorded price moving up 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 Weekly candle?
The previous Weekly candle had SPX500 Index at -87.3%, Bear Extreme — when this candle closed, SPX500 Index moved up to a higher zone: Bear Extreme → Bear Critical.
Where does SPX500 Index energy sit within the Bear Critical zone?
At -69.1%, SPX500 Index is 9.05 points from the upper boundary of Bear Critical (-60%) and 5.45 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear Critical 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 Critical 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 25.9%. Against this backdrop, SPX500 Index (Bear Critical, -69.1%) 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 67.1%. SPX500 Index (Bear Critical) and DXY currently sit on opposite sides.
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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