MarxBabu

SPX near trend a Long D LongBuyLongSellIndicator Analysis

TVC:SPX   S&P 500
Give a close look at the two 4H candle this is is called indecision candle .
If you look at the price move we can simply predict this as a long the reason being candle is trying to hold the price on the High closing side.

LongBuyLongSellIndicator shows this is a Short ,I am sure the short cannot sustain for long the long move should occur before any downfall comes.

If you wish to Explore the Auto Background and Color candle plotting script Here it is.

The LongBuyLongSellIndicator Script of tradingiview


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