Analysis

SPX500 Index 7,694.2 points ↓0.34%: Bears have the edge · D Oct 22, 2026

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Candle open
Price and energy
Open 7,726.9 · High 7,751.3 · Low 7,672.9 · Close 7,694.2 · Range (high − low) 78.4
SPX500 Index closed at 7,694.2 points, down 26.2 (-0.34%) from 7,720.4.
Bull–Bear energy behind the price: the market moved from the Neutral zone at -17.7% to Bear Bias at -34.1%, down 16.4 points.
Second straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price7,701.57,733.57,720.47,694.2
Energy-51.7%-20.6%-17.7%-34.1%
Price change↑ 0.07%↑ 0.42%↓ 0.17%↓ 0.34%
Energy change↑ 10.3↑ 31.1↑ 2.9↓ 16.4
Volatility trend chart · last 4 sessions
↑ 0.07%↑ 0.42%↓ 0.17%↓ 0.34%↑ 10.3↑ 31.1↑ 2.9↓ 16.4
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.34% — higher than 44% of past drops
0%255075100%
Energy down 16.4 pts — higher than 62% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Bear Bias SPX500 Index Daily

Sample: 4,144 Daily candles from 2013-01-03 to 2026-10-21
Number of Bear Bias occurrences: 294 times

▸When SPX500 Index is in Bear Bias:

  • then SPX500 Index moved to higher Market State: 191 times — 65%
  • then SPX500 Index moved to lower Market State: 103 times — 35%

▸Current SPX500 Index market energy: -34.09%

  • Distance to upper bound of Bear Bias (at -20.88%): 13.21%
  • Distance to lower bound of Bear Bias (at -60%): 25.91%

"A person's history reveals more than you might think" — 2AITRADING

SPX500 · D1 · 2026-10-22 00:00 UTC
Preview the last 30 candles — price and energy
View live SPX500 chart →
Market Energy
-17.7%
Neutral
-34.1%
Bear Bias
Expected at
07:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Observing the completed Daily candle, SPX500 Index in the Bear trend energy zone.

Market trend update: Energy delta -16.4%: Market Energy at -34.1%, previously -17.7%.

Time in Bear Bias energy zone: 1 Daily Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, SPX500 Index Market Energy ranged from -62 to -17.7.

Frequently asked questions

What did SPX500 Index price and energy show when this Daily candle closed?

When the Daily candle closed at 07:00 on 22-10-2026, SPX500 Index was at 7,694.2, down 0.34% from the previous candle (7,720.4). Market Energy was -34.1%, down 16.4 points from -17.7%, 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 Daily candle, and how large is that historically?

SPX500 closed at 7,694.2, down 0.34% from the previous Daily candle (7,720.4). This drop is larger than 44% of past drops on the Daily timeframe for SPX500, across 2,431 candles since 2019.

How did SPX500 Index Market Energy change from the previous candle?

Market Energy fell 16.4 percentage points from the previous candle — from -17.7% to -34.1%. This drop is larger than 62% of past drops on the Daily 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 Daily candle?

The previous Daily candle had SPX500 Index at -17.7%, Neutral — when this candle closed, SPX500 Index moved down to a lower zone: Neutral → Bear Bias.

Where does SPX500 Index energy sit within the Bear Bias zone?

At -34.1%, SPX500 Index is 13.21 points from the upper boundary of Bear Bias (-20.88%) and 25.91 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 Bear Bias with energy -28%. Against this backdrop, SPX500 Index (Bear Bias, -34.1%) 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 Bear Bias with Market Energy -21%. SPX500 Index (Bear Bias) and DXY currently sit on the same Bear side.

Real-time Energy Chart

See the real-time energy chart for SPX500 Index.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for SPX500 on the SPX500 Index overview →

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