Archive / London session

London Open Briefing — Tue, Aug 18

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

Leaning bearish 25/100

Tone

Futures are extending a sharp overnight liquidation that has wiped out the entire prior impulse move. Both ES and NQ are printing continuous lower highs and lower lows, pressing directly into multi-day range lows.

Key levels — futures & ETF equivalents

      ES support
      7730.00 (SPY ~$773.00)
    

      ES breakdown resistance
      7772.00 (SPY ~$777.20)
    

      NQ prior range support
      29800.00 (QQQ ~$726.80)
    

      NQ breakdown pivot
      30060.00 (QQQ ~$733.15)
    

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

European macro sentiment data and UK employment figures lead the morning slate amidst headline geopolitical tensions in the Middle East.

News backdrop: Neutral · 38 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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