hard · Volume Spread Analysis
What is the 'Path of Least Resistance' for a market that has just completed a distribution phase?
- The path is sideways as the market waits for a new news catalyst to determine direction.
- The path is up because the public is now fully invested and will continue to buy the dips.
- The path is neutral until a 'Selling Climax' occurs to clear the distribution.
- The path is down because the available supply is high and professional support has been withdrawn.
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