Analysis

SPX500 Index 7,630.85 points ↓0.09%: Bulls have the edge · 1H 02:00 Oct 24, 2026

·
Candle close
Price and energy
Open 7,633.95 · High 7,634.4 · Low 7,627.9 · Close 7,630.85 · Range (high − low) 6.5
SPX500 Index closed at 7,630.85 points, down 7.05 (-0.09%) from 7,637.9.
Bull–Bear energy behind the price: the market moved from the Bull Bias zone at 46.0% to Bull Bias at 39.1%, down 6.8 points.
Third straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price7,656.27,647.17,637.97,630.9
Energy74.5%59.2%46.0%39.1%
Price change↑ 0.05%↓ 0.12%↓ 0.12%↓ 0.09%
Energy change↑ 34.6↓ 15.3↓ 13.2↓ 6.8
Volatility trend chart · last 4 sessions
↑ 0.05%↓ 0.12%↓ 0.12%↓ 0.09%↑ 34.6↓ 15.3↓ 13.2↓ 6.8
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.09% — higher than 55% of past drops
0%255075100%
Energy down 6.8 pts — higher than 43% of past drops
Knowledge

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

RESEARCH

Trend of Bull Bias SPX500 Index 1H

Sample: 70,397 1H candles from 2015-01-01 to 2026-10-23
Number of Bull Bias occurrences: 5,550 times

▸When SPX500 Index is in Bull Bias:

  • then SPX500 Index moved to higher Market State: 2,443 times — 44%
  • then SPX500 Index moved to lower Market State: 3,107 times — 56%

▸Current SPX500 Index market energy: 39.11%

  • Distance to upper bound of Bull Bias (at 60%): 20.89%
  • Distance to lower bound of Bull Bias (at 20.88%): 18.23%

"Why does archaeology matter?" — 2AITRADING

SPX500 · H1 · 2026-10-23 18:00 UTC
Preview the last 30 candles — price and energy
View live SPX500 chart →
Market Energy
46.0%
Bull Bias
39.1%
Bull Bias
12.2%
Neutral
Zone
20.88 – 60
Bias
Buyers in control
Explanation

As the 1H candle closes, SPX500 Index reflects the Bull Bias level.

Per the 2AiTrading energy measurement system, Market trend energy recorded a -6.8% drop from the previous candle, from 46% to 39.1%.

Time in Bull Bias energy zone: 3 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 02:00 on 24-10-2026, SPX500 Index was at 7,630.85, down 0.09% from the previous candle (7,637.9). Market Energy was 39.1%, down 6.8 points from 46%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.

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

SPX500 closed at 7,630.85, down 0.09% from the previous 1H candle (7,637.9). This drop is larger than 55% of past drops on the 1H timeframe for SPX500, across 46,607 candles since 2019.

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

Market Energy fell 6.8 percentage points from the previous candle — from 46% to 39.1%. This drop is larger than 43% 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 46%, Bull Bias — this candle kept the same state, no zone change.

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

At 39.1%, SPX500 Index is 20.89 points from the upper boundary of Bull Bias (60%) and 18.23 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 Neutral with energy 11.8%. Against this backdrop, SPX500 Index (Bull Bias, 39.1%) has higher energy 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 27.8%. SPX500 Index (Bull Bias) and DXY currently sit on the same Bull 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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