Early Warning Signs of Market Tops and Bottoms

Markets never top or bottom without warning. They always warn you in advance. The question is whether you are tracking the signals or only looking at the price.

Why This Matters

Major market turning points — tops and bottoms — are preceded by a recognisable constellation of signals across valuation, sentiment, credit, and market breadth. No single signal is sufficient. But when five or more fire simultaneously, the evidence is compelling. This advanced lesson synthesises all the cycle tools from this school into a pre-mortem checklist for the two most important moments in any market cycle.