Analysis

SPX500 Index 7,732.9 points ↓0.06%: Bulls & Bears in a tug-of-war · 1H 21:00 Oct 21, 2026

·
Candle close
Price and energy
Open 7,737.5 · High 7,742.3 · Low 7,723.3 · Close 7,732.9 · Range (high − low) 19
SPX500 Index closed at 7,732.9 points, down 4.9 (-0.06%) from 7,737.8.
Bull–Bear energy behind the price: the market moved from the Bull Bias zone at 23.8% to Neutral at 13.2%, down 10.6 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price7,728.57,732.87,737.87,732.9
Energy-46.8%-13.4%23.8%13.2%
Price change↑ 0.10%↑ 0.06%↑ 0.06%↓ 0.06%
Energy change↑ 22.0↑ 33.4↑ 37.2↓ 10.6
Volatility trend chart · last 4 sessions
↑ 0.10%↑ 0.06%↑ 0.06%↓ 0.06%↑ 22.0↑ 33.4↑ 37.2↓ 10.6
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.06% — higher than 43% of past drops
0%255075100%
Energy down 10.6 pts — higher than 56% of past drops
Knowledge

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

RESEARCH

Trend of Neutral SPX500 Index 1H

Sample: 70,326 1H candles from 2015-01-01 to 2026-10-20
Number of Neutral occurrences: 5,411 times

▸When SPX500 Index is in Neutral:

  • then SPX500 Index moved to higher Market State: 2,903 times — 53.6%
  • then SPX500 Index moved to lower Market State: 2,508 times — 46.4%

▸Current SPX500 Index market energy: 13.22%

  • Distance to upper bound of Neutral (at 20.88%): 7.66%
  • Distance to lower bound of Neutral (at -20.88%): 34.1%

"Why does archaeology matter?" — 2AITRADING

SPX500 · H1 · 2026-10-21 13:00 UTC
Preview the last 30 candles — price and energy
View live SPX500 chart →
Market Energy
23.8%
Bull Bias
13.2%
Neutral
28.2%
Bull Bias
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

Reading from the 1H candle, SPX500 Index recorded in the balanced energy zone.

Market energy measurement Market Energy reading dropped -10.6%, moving from 23.8% to 13.2% after the 1H candle.

Time in Neutral 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 21:00 on 21-10-2026, SPX500 Index was at 7,732.9, down 0.06% from the previous candle (7,737.8). Market Energy was 13.2%, down 10.6 points from 23.8%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.

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

SPX500 closed at 7,732.9, down 0.06% from the previous 1H candle (7,737.8). This drop is larger than 43% of past drops on the 1H timeframe for SPX500, across 46,554 candles since 2019.

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

Market Energy fell 10.6 percentage points from the previous candle — from 23.8% to 13.2%. This drop is larger than 56% 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 23.8%, Bull Bias — when this candle closed, SPX500 Index moved down to a lower zone: Bull Bias → Neutral.

Where does SPX500 Index energy sit within the Neutral zone?

At 13.2%, SPX500 Index is 7.66 points from the upper boundary of Neutral (20.88%) and 34.1 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.

What does Neutral mean?

Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.

See the full Neutral 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 98.5%. Against this backdrop, SPX500 Index (Neutral, 13.2%) 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 Bias with Market Energy -32.4%. SPX500 Index energy is currently above DXY by 45.6 points.

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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