Analysis

SPX500 Index 7,725 points ↓0.08%: Bears in the peak-force zone · 1H 14:00 Oct 21, 2026

·
Candle close
Price and energy
Open 7,731 · High 7,734.3 · Low 7,724.8 · Close 7,725 · Range (high − low) 9.5
SPX500 Index closed at 7,725 points, down 6.1 (-0.08%) from 7,731.1.
Bull–Bear energy behind the price: the market moved from the Neutral zone at -11.4% to Bear Extreme at -76.7%, down 65.3 points.
Fourth straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price7,737.87,735.87,731.17,725
Energy67.0%50.4%-11.4%-76.7%
Price change↓ 0.03%↓ 0.03%↓ 0.06%↓ 0.08%
Energy change↓ 7.1↓ 16.6↓ 61.8↓ 65.3
Volatility trend chart · last 4 sessions
↓ 0.03%↓ 0.03%↓ 0.06%↓ 0.08%↓ 7.1↓ 16.6↓ 61.8↓ 65.3
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.08% — higher than 50% of past drops
0%255075100%
Energy down 65.3 pts — higher than 94% of past drops
Knowledge

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

RESEARCH

Trend of Bear Extreme SPX500 Index 1H

Sample: 70,331 1H candles from 2015-01-01 to 2026-10-21
Number of Bear Extreme occurrences: 2,415 times

▸When SPX500 Index is in Bear Extreme:

  • then SPX500 Index moved to higher Market State: 2,415 times — 100%
  • then SPX500 Index moved to lower Market State: 0 times — 0%

▸Current SPX500 Index market energy: -76.68%

  • Distance to upper bound of Bear Extreme (at -74.5%): 2.18%
  • Distance to bottom -100%: 23.32%

"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING

SPX500 · H1 · 2026-10-21 06:00 UTC
Preview the last 30 candles — price and energy
View live SPX500 chart →
Market Energy
-11.4%
Neutral
-76.7%
Bear Extreme
-49.6%
Bear Bias
Zone
-100 – -74.5
Bias
Sellers in control
Explanation

SPX500 Index classified into the Bear Extreme zone after the 1H candle completed.

The energy side shows Market Energy moved from -11.4% to -76.7%, down -65.3% from the previous candle.

Time in Bear Extreme energy zone: 1 1H 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 -99.5 to 97.7.

Frequently asked questions

What did SPX500 Index price and energy show when this 1H candle closed?

When the 1H candle closed at 14:00 on 21-10-2026, SPX500 Index was at 7,725, down 0.08% from the previous candle (7,731.1). Market Energy was -76.7%, down 65.3 points from -11.4%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.

How much did SPX500 price move on this 1H candle, and how large is that historically?

SPX500 closed at 7,725, down 0.08% from the previous 1H candle (7,731.1). This drop is larger than 50% of past drops on the 1H timeframe for SPX500, across 46,547 candles since 2019.

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

Market Energy fell 65.3 percentage points from the previous candle — from -11.4% to -76.7%. This drop is larger than 94% of past drops on the 1H timeframe for SPX500.

Do SPX500 price and energy agree?

Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.

What state was SPX500 Index in on the previous 1H candle?

The previous 1H candle had SPX500 Index at -11.4%, Neutral — when this candle closed, SPX500 Index moved down to a lower zone: Neutral → Bear Extreme.

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

At -76.7%, SPX500 Index is 2.18 points from the upper boundary of Bear Extreme (-74.5%) and 23.32 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.

What does Bear Extreme mean?

Bear Extreme 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 Extreme 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 Critical with energy -73.1%. Against this backdrop, SPX500 Index (Bear Extreme, -76.7%) 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 Bias with Market Energy 21%. SPX500 Index (Bear Extreme) and DXY currently sit on opposite sides.

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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