Bearish bias in SP500
SP500
The SP500 reached a close of 7812.06 at the end of the most recent session. Over the preceding 48-hour period, the price action resulted in a bullish change of 0.20 percent.
A search of historical data located 10 similar periods that match this specific configuration. Out of those cases, 70 percent of them finished on the lower side, supporting the bearish bias.
For the sessions that moved higher, the average gain was 0.22 percent. Conversely, the sessions that moved lower showed an average loss of -0.92 percent, with the average for all matches at -0.58 percent.
This sample size of 10 matches provides a descriptive look at how the index has performed historically. The small number of sessions helps illustrate the frequency of this specific trend behavior.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| SP500 | 7812.06 | 0.20 % | 10 | 3 | 7 | -0.58 % |
This is not financial advice. It is an indicator based on statistics from historical data.