Bearish bias in SP500

SP500

The session concluded with a close at 7842.390000 for the SP500. Over the preceding 48-hour period, price action recorded a change of 0.52 percent, establishing the current trend leading into the next session.

The scanner identified 53 similar periods within historical data that mirrored this movement. Out of these occurrences, 60 percent of the sessions ended with a bearish bias, matching the current lower lean identified.

In these historical instances, the average bullish move was 0.43 percent while the average bearish move reached -0.50 percent. Across all 53 matches, the total average move for the period was -0.13 percent.

A sample size of 53 matches provides a descriptive look at how price typically behaves. This frequency helps contextualize the average move by showing how often the bearish bias materialized.

The numbers

This is not financial advice. It is an indicator based on statistics from historical data.