Nasdaq QQQ Comparison of Nasdaq's Three Bottoming Outs This bottoming out may also be ended by last night's large bullish candlestick. Every time US stocks bottom out and rebound, it's first followed by a panic sell-off, closing with a large bearish candlestick, plunging the market into extreme panic. Then comes a huge bullish candlestick, closing with a large bullish candlestick, perfectly completing a V-shaped reversal.