Archive / London session

London Open Briefing — Sun, Aug 16

      Published August 16, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Balanced 50/100

Tone

Price action across ES and NQ has stabilized near local support shelves following a sharp pullback from recent range highs. ES continues to consolidate around the 7800 area, while NQ has shown a mild bounce off its 30040 low into the London open. Bias remains neutral-to-cautious as markets balance recent tech momentum against overnight consolidation.

Key levels — futures & ETF equivalents

      ES support shelf
      7800.00 (SPY ~$780.00)
    

      ES range high resistance
      7828.00 (SPY ~$782.80)
    

      NQ local support
      30040.00 (QQQ ~$732.68)
    

      NQ upper range resistance
      30240.00 (QQQ ~$737.56)
    

Looking for today’s levels?

Today’s free level SPY premarket levels ES overnight levels NQ overnight levels QQQ premarket levels

Positioning views for this session

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

The economic docket is light during early European hours, with mostly low-impact regional prints scheduled. Catalysts will likely stem from broader macro positioning following last week's AI-led inflation rally.

News backdrop: Somewhat-Bullish · 32 macro headlines, last 24h (Alpha Vantage)

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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