Bearish bias in SP500

SP500

The SP500 concluded the latest hourly session at 7823.36. During the preceding forty-eight hour period, the price action recorded a bullish increase of 0.66 percent.

Historical scanning identifies 57 similar forty-eight hour periods. Among these occurrences, 36 sessions concluded with a bearish outcome, representing a 63 percent share where the price moved lower.

Sessions resulting in bullish movement saw an average gain of 0.44 percent. Conversely, sessions that ended lower saw an average loss of -0.44 percent. Across all instances, the average move was -0.12 percent.

A sample of 57 instances provides a specific context for these averages. This count suggests that the bearish bias is frequent, though individual results vary around the mean.

The numbers

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