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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: 32.62%
- Distance to upper bound of Bull Bias (at 60%): 27.38%
- Distance to lower bound of Bull Bias (at 20.88%): 11.74%
"History always repeats itself, one way or another" — 2AITRADING
Observing the completed Weekly candle, Result for SPX500: the energy level leaning Bull.
Market movement just recorded on the Weekly timeframe, Market Energy dropped -42.9% from the previous session, from 75.5% to 32.6%.
Time in Bull 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.
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What state was SPX500 Index on Weekly when this candle closed?
When the Weekly candle at 07:00 on 28-10-2024 closed, SPX500 Index was in Bull Bias with Market Energy 32.6%, 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 fell 42.9 percentage points from the previous candle — from 75.5% to 32.6%.
What state was SPX500 Index in on the previous Weekly candle?
The previous Weekly candle had SPX500 Index at 75.5%, Bull Extreme — when this candle closed, SPX500 Index moved down to a lower zone: Bull Extreme → Bull Bias.
Where does SPX500 Index energy sit within the Bull Bias zone?
At 32.6%, SPX500 Index is 27.38 points from the upper boundary of Bull Bias (60%) and 11.74 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 Bias with energy 44.6%. Against this backdrop, SPX500 Index (Bull Bias, 32.6%) sits in the same state zone as 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 Extreme with Market Energy 89.5%. SPX500 Index (Bull Bias) and DXY currently sit on the same Bull 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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