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Trend of Bull Bias SPX500 Index Weekly
▸When SPX500 Index is in Bull Bias:
- then SPX500 Index moved to higher Market State: 35 times — 59.3%
- then SPX500 Index moved to lower Market State: 24 times — 40.7%
▸Current SPX500 Index market energy: 52.77%
- Distance to upper bound of Bull Bias (at 60%): 7.23%
- Distance to lower bound of Bull Bias (at 20.88%): 31.89%
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With the Weekly candle just closed, SPX500 noted at the energy state tilted toward Bull.
The energy side shows Market Energy rose +3.6% from the previous session, from 49.1% to 52.8%.
Time in Bull Bias energy zone: 2 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.
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What state was SPX500 Index on Weekly when this candle closed?
When the Weekly candle at 07:00 on 20-05-2024 closed, SPX500 Index was in Bull Bias with Market Energy 52.8%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did SPX500 Index Market Energy change from the previous candle?
Market Energy rose 3.6 percentage points from the previous candle — from 49.1% to 52.8%.
What state was SPX500 Index in on the previous Weekly candle?
The previous Weekly candle had SPX500 Index at 49.1%, Bull Bias — this candle kept the same state, no zone change.
Where does SPX500 Index energy sit within the Bull Bias zone?
At 52.8%, SPX500 Index is 7.23 points from the upper boundary of Bull Bias (60%) and 31.89 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Extreme with energy 80.3%. Against this backdrop, SPX500 Index (Bull Bias, 52.8%) 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 Bear Critical with Market Energy -69.9%. SPX500 Index (Bull Bias) 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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