Bullish bias in SP500
SP500
SP500 last printed 7702.91 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved -1.37 %.
History turned up 14 similar trends that did not overlap. 10 closed bullish 20 hours later and 4 closed bearish. 71 % closed higher, a bullish bias strong enough for a note.
The average advance on the bullish closes was 0.66 %. The average decline on the bearish closes was -0.23 %. Across the whole set, the average move 20 hours later was 0.40 %.
14 prior trends is a thin history. The bullish bias is visible, and it still describes only those cases.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| SP500 | 7702.91 | -1.37 % | 14 | 10 | 4 | 0.40 % |
This is not financial advice. It is an indicator based on statistics from historical data.