Archive / London session

London Open Briefing — Wed, Aug 12

      Published August 12, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Balanced 58/100

Tone

Markets are trading in a narrow, balanced range during the early overnight action with price holding near upper session highs. ES and NQ are showing flat to slightly positive momentum with minimal volatility visible so far. The environment reflects a quiet holding pattern ahead of upcoming US economic catalysts.

Key levels — futures & ETF equivalents

      ES overnight high reference
      7757.25 (SPY ~$775.73)
    

      NQ overnight high reference
      29640.25 (QQQ ~$722.93)
    

Positioning views

SPY premarket levels QQQ premarket levels ES overnight levels NQ overnight levels

Market Structure Academy

Market Profile POC VAH VAL Overnight inventory Failed auction Overnight high/low Previous close

On the calendar

Traders are looking ahead to key US CPI data releasing at 08:30 AM EDT, which serves as the primary high-impact economic driver for the day. Light European macroeconomic updates, including German CPI figures, provide minor background context for the London session.

Published as it was generated, exactly as delivered to subscribers at the time — not edited or curated after the fact. Informational commentary only, not trade signals or personalized financial advice. New terms? See the glossary.

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