Analysis

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Candle close
Price and energy
SPX500 Index from 7,713.9 to 7,706.4 points, down 0.10%
Market Energy Bull Bias 26.1% to Neutral -18.6%, down 44.7 pts
Down candle #2 in a row—Price and energy are in agreement
Price and energy change · last 4 candles
Price▲ 0.10%▲ 0.15%▼ 0.38%▼ 0.10%
Energy▼ 9.0▲ 17.9▼ 47.1▼ 44.7
Volatility trend chart · last 4 sessions
▲ 0.10%▲ 0.15%▼ 0.38%▼ 0.10%▼ 9.0▲ 17.9▼ 47.1▼ 44.7
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 0.10% — higher than 34% of past drops
0%255075100%
Energy down 44.7 pts — higher than 87% of past drops
RESEARCH

Trend of Neutral SPX500 Index 4H

Sample: 18,113 4H candles from 2014-12-31 to 2026-09-28
Number of Neutral occurrences: 1,324 times

▸When SPX500 Index is in Neutral:

  • then SPX500 Index moved to higher Market State: 749 times — 56.6%
  • then SPX500 Index moved to lower Market State: 575 times — 43.4%

▸Current SPX500 Index market energy: -18.64%

  • Distance to upper bound of Neutral (at 20.88%): 39.52%
  • Distance to lower bound of Neutral (at -20.88%): 2.24%

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

SPX500 · H4 · 2026-09-28 05:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
26.1%
Bull Bias
-18.6%
Neutral
Expected at
20:10
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

Observing the completed 4H candle, SPX500 Index in neutral energy.

Market energy measurement Market Energy dropped -44.7% this candle, currently -18.6% (previous candle 26.1%).

Time in Neutral 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 -96.7 to +73.2.

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 12:00 on 28-09-2026 closed, SPX500 Index was at 7,706.4, down 0.1% from the previous candle (7,713.9). Market Energy was -18.6%, down 44.7 points from 26.1%, 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 4H candle, and how large is that historically?

SPX500 closed at 7,706.4, down 0.1% from the previous 4H candle (7,713.9). This drop is larger than 34% of past drops on the 4H timeframe for SPX500, across 11,936 candles since 2019.

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

Market Energy fell 44.7 percentage points from the previous candle — from 26.1% to -18.6%. This drop is larger than 87% of past drops on the 4H 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 4H candle?

The previous 4H candle had SPX500 Index at 26.1%, 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 -18.6%, SPX500 Index is 39.52 points from the upper boundary of Neutral (20.88%) and 2.24 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Bear Bias with energy -40.2%. Against this backdrop, SPX500 Index (Neutral, -18.6%) 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 Neutral with Market Energy 8.1%. SPX500 Index energy is currently below DXY by 26.8 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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