Archive / Asia session

Asia Open Briefing — Tue, Aug 18

      Published August 18, 2026 · Asia session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 25/100

Tone

Both ES and NQ remain in sustained downtrends, pinned near multi-session lows following heavy distribution. Price action is attempting a minor bounce off session lows, but structural rallies continue to meet sellers at lower swing highs. The prevailing bias is heavily bearish until intermediate breakdown shelves are reclaimed.

Key levels — futures & ETF equivalents

      ES breakdown support
      7704 (SPY ~$770.40)
    

      ES intermediate resistance
      7736 (SPY ~$773.60)
    

      NQ low support
      29455 (QQQ ~$718.41)
    

      NQ lower resistance
      29685 (QQQ ~$724.02)
    

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

Asia-Pacific catalysts include Australian Wage Price Index data and comments from RBA Deputy Governor Hauser, followed by UK CPI and remarks from ECB President Lagarde heading into the European session.

News backdrop: Neutral · 46 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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