Archive / Asia session

Asia Open Briefing — Mon, Aug 24

      Published August 24, 2026 · Asia session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Both ES and NQ remain in sustained downtrends, with lower swing highs dictating structure following the rejection from last week's peaks. Price action is consolidating near the lower boundary of the visible range after repeatedly testing recent swing lows. The immediate bias leans weak unless buyers can force acceptance back above local breakdown levels.

Key levels — futures & ETF equivalents

      ES range support
      7660.00 (SPY ~$766.00)
    

      ES breakdown resistance
      7712.00 (SPY ~$771.20)
    

      NQ swing support
      28960.00 (QQQ ~$706.34)
    

      NQ local resistance
      29500.00 (QQQ ~$719.51)
    

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 overnight session features low-impact releases including the AUD Monetary Policy Meeting Minutes and JPY BOJ Core CPI. Ahead of the London and US cash sessions, German GDP and ifo Business Climate provide early macro context.

News backdrop: Neutral · 43 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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