Analysis

SPX500 Index 7,734 points ↓0.11%: Bulls have the edge · 4H 08:00 Oct 21, 2026

·
Candle close
Price and energy
Open 7,740.65 · High 7,751.1 · Low 7,728.5 · Close 7,734 · Range (high − low) 22.6
SPX500 Index closed at 7,734 points, down 8.5 (-0.11%) from 7,742.5.
Bull–Bear energy behind the price: the market moved from the Bull Bias zone at 50.4% to Bull Bias at 48.2%, down 2.2 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price7,681.37,712.77,742.57,734
Energy-59.3%-7.3%50.4%48.2%
Price change↓ 0.09%↑ 0.41%↑ 0.39%↓ 0.11%
Energy change↑ 3.5↑ 52.0↑ 57.8↓ 2.2
Volatility trend chart · last 4 sessions
↓ 0.09%↑ 0.41%↑ 0.39%↓ 0.11%↑ 3.5↑ 52.0↑ 57.8↓ 2.2
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.11% — higher than 38% of past drops
0%255075100%
Energy down 2.2 pts — higher than 16% of past drops
Knowledge

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

RESEARCH

Trend of Bull Bias SPX500 Index 4H

Sample: 18,206 4H candles from 2014-12-31 to 2026-10-20
Number of Bull Bias occurrences: 1,487 times

▸When SPX500 Index is in Bull Bias:

  • then SPX500 Index moved to higher Market State: 730 times — 49.1%
  • then SPX500 Index moved to lower Market State: 757 times — 50.9%

▸Current SPX500 Index market energy: 48.21%

  • Distance to upper bound of Bull Bias (at 60%): 11.79%
  • Distance to lower bound of Bull Bias (at 20.88%): 27.33%

"To truly understand anything, study its history" — 2AITRADING

SPX500 · H4 · 2026-10-20 21:00 UTC
Preview the last 30 candles — price and energy
View live SPX500 chart →
Market Energy
50.4%
Bull Bias
48.2%
Bull Bias
42.9%
Bull Bias
Zone
20.88 – 60
Bias
Buyers in control
Explanation

Reading from the 4H candle, SPX500 Index within the energy state leaning Bull.

At the 4H session close, Market Energy dropped -2.2% this candle, currently 48.2% (previous candle 50.4%).

Time in Bull Bias energy zone: 2 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 -94.5 to 62.6.

Frequently asked questions

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

When the 4H candle closed at 08:00 on 21-10-2026, SPX500 Index was at 7,734, down 0.11% from the previous candle (7,742.5). Market Energy was 48.2%, down 2.2 points from 50.4%, 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 4H candle, and how large is that historically?

SPX500 closed at 7,734, down 0.11% from the previous 4H candle (7,742.5). This drop is larger than 38% of past drops on the 4H timeframe for SPX500, across 12,033 candles since 2019.

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

Market Energy fell 2.2 percentage points from the previous candle — from 50.4% to 48.2%. This drop is larger than 16% of past drops on the 4H timeframe for SPX500.

Do SPX500 price and energy agree?

Yes. On this candle price fell and energy fell — both moved the same way. 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 50.4%, Bull Bias — this candle kept the same state, no zone change.

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

At 48.2%, SPX500 Index is 11.79 points from the upper boundary of Bull Bias (60%) and 27.33 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Bull Extreme with energy 96.5%. Against this backdrop, SPX500 Index (Bull Bias, 48.2%) 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 -22.7%. SPX500 Index (Bull Bias) 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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