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Definition

A technical analysis term meaning a period of "backing and filling" where a share's price moves up and down within a tight range bounded on the upside by a "resistance line" and on the downside by a "support line". A sideways market implies a period of relative uncertainty in the share. Consider the following chart:
<figure class="container-fluid"><img class="img-responsive" style="display: block; margin: 0 auto; max-width: 100%;" src="/onlinecourse/img/glossary/Sasol-1.png" alt="sideways market" />
<figcaption style="text-align: center;">Sideways Market</figcaption>
</figure>

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