Archive / Asia session

Asia Open Briefing — Mon, Aug 17

      Published August 17, 2026 · Asia session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Both ES and NQ spent the prior regular session in sustained downward trends, printing aggressive series of lower highs and lower lows before basing near their lows heading into the evening. A mild bounce has developed into the Asia open, but the broader structural bias remains heavy while price sits beneath the previous breakdown shelves.

Key levels — futures & ETF equivalents

      ES support
      7760 (SPY ~$776.00)
    

      ES breakdown resistance
      7788 (SPY ~$778.80)
    

      NQ support
      30060 (QQQ ~$733.15)
    

      NQ breakdown resistance
      30190 (QQQ ~$736.35)
    

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

Catalysts during the overnight hours are limited primarily to UK employment metrics and European ZEW sentiment data heading into the London session.

News backdrop: Neutral · 39 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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