Archive / London session

London Open Briefing — Thu, Aug 20

      Published August 20, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Both ES and NQ are drifting sideways in tight overnight ranges following yesterday's late pullbacks from local highs. Price action is subdued near the lower portion of the visible sessions with minimal range expansion heading into London.

Key levels — futures & ETF equivalents

      ES resistance
      7765.00 (SPY ~$776.50)
    

      ES support
      7714.00 (SPY ~$771.40)
    

      NQ resistance
      29750.00 (QQQ ~$725.60)
    

      NQ support
      29380.00 (QQQ ~$716.60)
    

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 European session slate is relatively quiet with German PPI and the German Buba Monthly Report, while broader macro headlines keep geopolitical risk in the background.

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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