Archive / London session

London Open Briefing — Mon, Aug 17

      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)
    

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

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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