Analysis

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Price and energy
SPX500 Index from 7,646 to 7,594.3 points, down 0.68%
Market Energy Bear Bias -54.6% to Bear Extreme -94.8%, down 40.2 pts
Down candle #2 in a rowPrice and energy are in agreement
Price and energy change · last 4 candles
Price0.01%0.15%0.08%0.68%
Energy2.813.72.640.2
Volatility trend chart · last 4 sessions
0.01% 0.15% 0.08% 0.68% 2.8 13.7 2.6 40.2
priceenergy up · down
Volatility · vs history since 2019
Price down 0.68% — higher than 89% of past drops
0%255075100%
Energy down 40.2 pts — higher than 86% of past drops
RESEARCH

Trend of Bear Extreme SPX500 Index 4H

Sample: 18,042 4H candles from 2014-12-31 to 2026-09-09
Number of Bear Extreme occurrences: 646 times

When SPX500 Index is in Bear Extreme:

  • then SPX500 Index moved to higher Market State: 646 times100%
  • then SPX500 Index moved to lower Market State: 0 times0%

Current SPX500 Index market energy: -94.83%

  • Distance to upper bound of Bear Extreme (at -74.5%): 20.33%
  • Distance to bottom -100%: 5.17%

"Past — present — future. The past and present are known. The future is yours" — 2AITRADING

SPX500 · H4 · 2026-09-10 09:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
-54.6%
Bear Bias
-94.8%
Bear Extreme
-85.7%
Bear Extreme
Zone
-100 – -74.5
Bias
Sellers in control
Explanation

The system just recorded SPX500 Index in the extreme Bear energy state after the 4H candle closed.

Per the 2AiTrading energy measurement system, Market Energy moved from -54.6% to -94.8%, down -40.2% from the previous candle.

Time in Bear Extreme energy zone: 1 4H 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 -94.8 to -16.8.

Knowledge

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

Frequently asked questions

What did SPX500 Index price and energy show when this 4H candle closed?

When the 4H candle at 16:00 on 10-09-2026 closed, SPX500 Index was at 7,594.3, down 0.68% from the previous candle (7,646). Market Energy was -94.8%, down 40.2 points from -54.6%, 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 4H candle, and how large is that historically?

SPX500 closed at 7,594.3, down 0.68% from the previous 4H candle (7,646). This drop is larger than 89% of past drops on the 4H timeframe for SPX500, across 11,868 candles since 2019.

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

Market Energy fell 40.2 percentage points from the previous candle — from -54.6% to -94.8%. This drop is larger than 86% of past drops on the 4H timeframe for SPX500.

Do SPX500 price and energy agree?

Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.

What state was SPX500 Index in on the previous 4H candle?

The previous 4H candle had SPX500 Index at -54.6%, Bear Bias — when this candle closed, SPX500 Index moved down to a lower zone: Bear Bias → Bear Extreme.

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

At -94.8%, SPX500 Index is 20.33 points from the upper boundary of Bear Extreme (-74.5%) and 5.17 points from the lower boundary (-100%) — so energy sits closer to the lower 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 -73.9%. Against this backdrop, SPX500 Index (Bear Extreme, -94.8%) 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 31%. 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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