Analysis

SPX500 Index 7,628.6 points ↓0.27%: Bears in the peak-force zone · 1H 20:00 Oct 23, 2026

·
Candle close
Price and energy
Open 7,648.6 · High 7,648.9 · Low 7,622.1 · Close 7,628.6 · Range (high − low) 26.8
SPX500 Index closed at 7,628.6 points, down 20.8 (-0.27%) from 7,649.4.
Bull–Bear energy behind the price: the market moved from the Bear Critical zone at -66.2% to Bear Extreme at -75.6%, down 9.4 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price7,648.47,642.37,649.47,628.6
Energy-57.1%-81.4%-66.2%-75.6%
Price change↓ 0.18%↓ 0.08%↑ 0.09%↓ 0.27%
Energy change↓ 38.5↓ 24.3↑ 15.2↓ 9.4
Volatility trend chart · last 4 sessions
↓ 0.18%↓ 0.08%↑ 0.09%↓ 0.27%↓ 38.5↓ 24.3↑ 15.2↓ 9.4
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.27% — higher than 86% of past drops
0%255075100%
Energy down 9.4 pts — higher than 52% 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: 70,379 1H candles from 2015-01-01 to 2026-10-23
Number of Bear Extreme occurrences: 2,419 times

▸When SPX500 Index is in Bear Extreme:

  • then SPX500 Index moved to higher Market State: 2,419 times — 100%
  • then SPX500 Index moved to lower Market State: 0 times — 0%

▸Current SPX500 Index market energy: -75.58%

  • Distance to upper bound of Bear Extreme (at -74.5%): 1.08%
  • Distance to bottom -100%: 24.42%

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

SPX500 · H1 · 2026-10-23 12:00 UTC
Preview the last 30 candles — price and energy
View live SPX500 chart →
Market Energy
-66.2%
Bear Critical
-75.6%
Bear Extreme
Expected at
21:10
Zone
-100 – -74.5
Bias
Sellers in control
Explanation

From the just-closed 1H candle data, SPX500 Index reflects the Bear Extreme state.

On the measurement side, Market Energy at -75.6%, down -9.4% from -66.2% in 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 -99.2 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 20:00 on 23-10-2026, SPX500 Index was at 7,628.6, down 0.27% from the previous candle (7,649.4). Market Energy was -75.6%, down 9.4 points from -66.2%, 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 7,628.6, down 0.27% from the previous 1H candle (7,649.4). This drop is larger than 86% of past drops on the 1H timeframe for SPX500, across 46,601 candles since 2019.

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

Market Energy fell 9.4 percentage points from the previous candle — from -66.2% to -75.6%. This drop is larger than 52% 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 the candle that just closed; it does not say where price goes next.

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

The previous 1H candle had SPX500 Index at -66.2%, Bear Critical — when this candle closed, SPX500 Index moved down to a lower zone: Bear Critical → Bear Extreme.

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

At -75.6%, SPX500 Index is 1.08 points from the upper boundary of Bear Extreme (-74.5%) and 24.42 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 Extreme with energy -81.6%. Against this backdrop, SPX500 Index (Bear Extreme, -75.6%) 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 Bear Bias with Market Energy -31%. SPX500 Index (Bear Extreme) 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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