stoxx67,
There is an adage that a sp that stays the same wants to go up! As for the path of least resistance - doesn't this depend to a great extent on what's happening to the market at large?
Happy to see that this retracement so far, as bounced us down to the 100 day mva, which is rising. I would argue that this is now the path of least resistance. But can I be sure it will go up from here? Of course not. Just more likely than not.
All imho of course.
Have a great Christmas everyone!