Bearish bias in SP500
SP500
The SP500 ended the recent session at a close of 7811.040000. Over the 48-hour period, the price action showed a change of 0.23 percent. This movement sets the current trend for the instrument.
Historical data shows 17 similar periods. Among these, 11 finished on the lower side, marking a bearish lean share of 65 percent. This shows a historical tendency to move lower after such moves.
For higher moves, the average gain was 0.55 percent. For lower moves, the average loss was -0.55 percent. The average of all occurrences was an expected change of -0.16 percent.
A sample of 17 matches offers a descriptive view of asset behavior. The frequency of lower finishes informs the negative expected move seen in these past market instances.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| SP500 | 7811.04 | 0.23 % | 17 | 6 | 11 | -0.16 % |
This is not financial advice. It is an indicator based on statistics from historical data.