The market rarely moves in a straight line. If everyone is already long, there is no one left to buy to push the price higher.
By sweeping SSL, the market "clears the deck" of anyone with a tight stop loss.
This ensures that when the "Rip" starts, there is less resistance (selling pressure) because all the "Weak Hands" have already been stopped out.
By sweeping SSL, the market "clears the deck" of anyone with a tight stop loss.
This ensures that when the "Rip" starts, there is less resistance (selling pressure) because all the "Weak Hands" have already been stopped out.