Bearish bias in SP500
SP500
The SP500 finished the session at a close of 7753.040000. Over the previous 48-hour period, price action demonstrated a bearish trend with a negative change of 0.86 percent.
The scanner identified 35 historical periods with similar characteristics. Among these instances, 21 moved toward a lower bias, representing a 60 percent share of the observed occurrences within the data set.
Average bullish gains reached 0.82 percent, while average bearish losses were 0.69 percent. These figures result in a combined expected move of negative 0.08 percent across all identified historical samples.
A sample size of 35 matches provides historical context for interpreting the average result. This frequency suggests a consistent pattern where the bearish bias outweighed the bullish instances in past market cycles.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| SP500 | 7753.04 | -0.86 % | 35 | 14 | 21 | -0.08 % |
This is not financial advice. It is an indicator based on statistics from historical data.