No Selling Pressure
Volume Spread Analysis glossary · Effort vs Result & Spread/Close Analysis
Definition
A down-bar with a narrow-to-average spread and low volume, closing in the middle or upper portion of the bar, indicating that professional selling is absent on the downside. It is not itself a direct buy signal, but it powerfully confirms strength when it appears in a background that already contains stopping volume, a shake-out, or a selling climax. Without prior strength in the background, low-volume down-bars during the early stages of a bear market are normal and do not indicate strength.
No Selling Pressure in plain English
This is the market being quiet in a telling way: a down-bar with an ordinary or narrow range and low volume, closing in the middle or upper part of the bar. Low volume on a down move means the pros simply aren't selling — nobody serious is trying to get out. By itself that's not a reason to buy; it's like an all-clear signal that only means something if there was danger before. It becomes powerful only when it appears AFTER earlier signs of strength (a selling climax, a shake-out, heavy buying). Early in a real downtrend, quiet down-bars are just normal and mean nothing.
Learn these first
Related Volume Spread Analysis terms
Volume Spread Analysis practice questions · Volume Spread Analysis flashcards · Volume Spread Analysis study guide