Candle Breaking
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FreeHighOctober 16, 2026

Market bottom is finally in with high confidence

SPYSPXQQQIWMDIA4hIndex/ETF

ES missed major bearish signal by a few points yesterday, but today decided to revisit that level as well as minor 1h bearish TP3.

Same for NQ, after a small 1h TP1 bounce, it got dragged down to 4h TP3 wick-extended area.

Dow Jones triggered a bearish signal this morning and participated in the drop. Still working on our final targets up above.

Russell 200 hit TP1 last night and pulled back drastically as the other folks. The bullish signal is still intact though. A double bottom here at daily & 4h TP3 is a pretty strong setup for rebound.