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US Open Briefing — Mon, Aug 24

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

Leaning bearish 33/100

Tone

Indices remain heavy and pinned near the lower boundaries of their multi-day descent, with both ES and NQ consolidating tightly after bouncing from recent lows. The broader structure shows persistent lower highs across the visible window, keeping the prevailing trend leaning downward. Without an impulsive push above recent local pivots, the market remains vulnerable to further range expansion lower.

Key levels — futures & ETF equivalents

      ES swing resistance
      7710 (SPY ~$771.00)
    

      ES range low support
      7660 (SPY ~$766.00)
    

      NQ resistance pivot
      29470 (QQQ ~$718.78)
    

      NQ swing low support
      29200 (QQQ ~$712.20)
    

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 calendar is light heading into the session with no major high-impact US macro releases scheduled. Price action will likely be driven by technical positioning around recent range extremes.

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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