Bullish bias in SP500
SP500
The SP500 finished the recent session at 7739.01. During this 48-hour period, the price action showed a decline of 0.80%. This bearish movement established the current baseline for the observed technical setup.
The scanner identified 50 similar historical periods matching these conditions. Out of these occurrences, 32 instances resulted in a move toward the higher side, representing a 64% share. This indicates a bullish bias.
Among the positive outcomes, the average gain reached 0.54%. Conversely, the average loss for the bearish sessions was 0.56%. The mean across all 50 instances, or the expected move, stood at 0.14%.
A sample of 50 matches provides a standard basis for evaluating the average. This quantity suggests that the bullish bias has occurred with enough frequency to observe a consistent trend.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| SP500 | 7739.01 | -0.80 % | 50 | 32 | 18 | 0.14 % |
This is not financial advice. It is an indicator based on statistics from historical data.