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US Open Briefing — Sat, Aug 29

      Published August 29, 2026 · US session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Both ES and NQ experienced severe liquidation spikes following failed attempts to sustain highs above 7,770 and 29,740 respectively. Price has settled into a tight consolidation at the base of the impulse, forming a short-term base around 7,720 on ES and 29,480 on NQ. Structure remains heavy below the breakdown levels, with low-volatility drift characterizing the current session.

Key levels — futures & ETF equivalents

      ES support base
      7720 (SPY ~$772.00)
    

      ES breakdown resistance
      7750 (SPY ~$775.00)
    

      NQ support base
      29480 (QQQ ~$719.00)
    

      NQ breakdown resistance
      29640 (QQQ ~$722.90)
    

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

Markets face ongoing headline flow around Middle East geopolitical tensions alongside midday events including Jackson Hole Symposium proceedings.

News backdrop: Somewhat-Bullish · 12 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.

← London, August 29, 2026

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