A Mosaic Approach to Find Turning Points

Today was a perfect example to see my tools in action.

Today was a perfect opportunity to see many of the tools I use in action. This obviously makes for a great learning experience, hence my 2nd post of the day.

Never let a good learning opportunity go to waste.

If you haven’t had a chance, check out my post from this morning, where I discussed the technical lay out that a bounce was in order.

Study the chart and commentary below if you wanna get a really good feel for how markets work.

At the end of this post, I share my stockcharts.com settings so you can see what I see and track this stuff on your own.

Now let’s have a look at the signals we saw today:

• Price Extremes

• Fear Extremes

• Lack of Supply of Stock

• Candlestick “entry” signals