A reading of 20 or less at the close for at least two days in the Fear and Greed Index indicates a turning point is near. As this turning point unfolds the CNN 5-day average put/call ratio should read 0.90 or higher at the close.
This is the time when financial media outlets step in and reinforce retail investors fear on the street. Market Makers will be busy accumulating inventory.
Note that this information is for educational purposes only and not a recommendation.
