Flow Maps Pro
Pre-Market Brief | Friday, October 16, 2026
SPY and QQQ are sitting right on their pivots this morning and NVDA is just under its own, so the three are not lined up. Thursday split the same way: NVDA held the bearish read while SPY and QQQ reclaimed theirs.
Levels snapshot (4:10 AM ET)
Ticker Spot Pivot Read
SPY 773.60 773.50 Above by 0.10
QQQ 729.65 729.50 Above by 0.15
NVDA 218.70 219.00 Below by 0.30
Session Bias: No Trade before the 8:30 AM ET data, then Need Confirmation. The overall lean is Chop 40% / Bear 35% / Bull 25% with LOW conviction. These are subjective weights, not measured probabilities.
What’s driving it: Two data prints land before the open, import and export prices at 8:30 AM ET and industrial production at 9:15 AM ET. It is also monthly options expiration, and several regional banks report. Rates are flat into the data, but AI financing worries are still weighing on the Nasdaq-100 names even after TSMC’s record quarter. Pre-market marks are not closes, and any mixed result on 15-minute closes is a split market, which means waiting.
This is the headline read. Paid subscribers also get all the information behind the trade: the full trade framework with entries, targets and stops, the institutional positioning read, options flow by strike, the regime read and the Thesis Tree, every morning before the open.
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— Nate
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