Bullish bias in SP500
SP500
SP500 last printed 7700.51 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved -1.35 %.
History turned up 49 similar trends that did not overlap. 32 closed bullish 20 hours later and 17 closed bearish. 65 % closed higher, a bullish bias strong enough for a note.
The average advance on the bullish closes was 0.76 %. The average decline on the bearish closes was -0.38 %. Across the whole set, the average move 20 hours later was 0.36 %.
49 prior trends is a broad history. The bias describes where price already closed. It does not set the next bar.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| SP500 | 7700.51 | -1.35 % | 49 | 32 | 17 | 0.36 % |
This is not financial advice. It is an indicator based on statistics from historical data.