Archive / London session

London Open Briefing — Mon, Aug 24

      Published August 23, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Price action across ES and NQ leans defensive as both indices consolidate near their recent session lows following a multi-day selloff. ES continues to struggle below the 7,700 area, while NQ remains pinned beneath its 29,400 pivot. Without an impulsive bid to reclaim overhead breakdown levels, the near-term bias remains tilted toward continued pressure on local supports.

Key levels — futures & ETF equivalents

      ES breakdown resistance
      7,700.00 (SPY ~$770.00)
    

      ES session support
      7,676.00 (SPY ~$767.60)
    

      NQ pivot resistance
      29,413.50 (QQQ ~$717.40)
    

      NQ swing low support
      29,220.00 (QQQ ~$712.70)
    

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 economic docket is clear of major tier-one catalysts during the London open, leaving price action primarily exposed to overnight headlines regarding trade and geopolitical developments.

News backdrop: Somewhat-Bullish · 40 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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