Best indicator for a bounce?

Excellent advice. Used in conjunction with S/R this is great.

 

<img src="http://i.investopedia.com/inv/articles/site/101700_2.gif"

 

Very simple.

Pretend you own the stock. A lot of it.

Watch the chart. Is the downturn sharp with a lot of volume?

Its called capitulation.

Are you feeling serious pain? Are your hands getting clammy? Is your heart racing? Do you feel like throwing up? Need a drink?

Well, might be a good time to think about buying.

 

More sound wisdom.

 

NYSE TICK gets to -1000, your most likely gonna get a bounce. It's the only known leading indicator I'm aware of. I use it religiously for ES trading and it's consistently helped me make good money. Like anything, it's not 100%, but it's damn close.