Archive / London session

London Open Briefing — Mon, Aug 17

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

Leaning bullish 58/100

Tone

Futures are consolidating in a tight band just below recent highs heading into the London session. Both ES and NQ have held the bulk of last week's impulsive advances, drifting sideways in quiet overnight trade. The structural bias remains balanced-to-firm as price digests above previous multi-day consolidation shelves.

Key levels — futures & ETF equivalents

      ES swing high resistance
      7838.00 (SPY ~$783.80)
    

      ES shelf support
      7785.00 (SPY ~$778.50)
    

      NQ swing high resistance
      30230.00 (QQQ ~$737.30)
    

      NQ breakout base support
      30000.00 (QQQ ~$731.70)
    

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 session calendar is light on tier-one macro releases following overnight data out of China and Japan. Price discovery during London hours is likely to be guided by structural technical flows and headline developments regarding geopolitical tensions in the Middle East.

News backdrop: Neutral · 31 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.

← London, August 16, 2026 Asia, August 17, 2026 →

Get briefings like this before the session opens

Telegram and email, ahead of the Asia, London, and US opens. 14 days free, no card.

Start free trial