Archive / London session

London Open Briefing — Mon, Aug 24

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

Leaning bearish 42/100

Tone

Futures are consolidating in a lower-mid range following the previous week's heavy downswing. Both ES and NQ bounced from multi-day lows near 7,660 and 29,200 respectively, but upside momentum remains capped beneath intermediate resistance. Price action into the European open reflects a cautious holding pattern.

Key levels — futures & ETF equivalents

      ES immediate resistance
      7702.00 (SPY ~$770.20)
    

      ES session support
      7680.00 (SPY ~$768.00)
    

      NQ intermediate resistance
      29480.00 (QQQ ~$719.00)
    

      NQ session support
      29360.00 (QQQ ~$716.10)
    

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

Catalysts for today's session remain light, with Canadian corporate profits in the morning followed by remarks from US Treasury Secretary Bessent in the afternoon.

News backdrop: Somewhat-Bullish · 35 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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