Archive / London session

London Open Briefing — Mon, Feb 24

      Published August 22, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bullish 58/100

Tone

Futures are holding steady in the upper portion of recent ranges following a steady recovery from last week's lows. ES trades near 7,691 while NQ consolidates around 29,381 after pushing toward local highs. The tone is constructive but balanced as markets await broader participation heading into the European session.

Key levels — futures & ETF equivalents

      ES resistance
      7715 (SPY ~$771.50)
    

      ES support
      7662.50 (SPY ~$766.25)
    

      NQ resistance
      29480 (QQQ ~$719.00)
    

      NQ support
      29240 (QQQ ~$713.15)
    

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

With no high-impact economic releases scheduled during the London session, macro sentiment and geopolitical headlines around Middle East developments remain the primary driver of flow.

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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