Archive / London session

London Open Briefing — Sun, Aug 30

      Published August 30, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Both ES and NQ experienced a sharp flush off recent swing highs near 7,772 and 29,750, giving back previous breakout gains. Price is currently consolidating in a tight band near the lower bounds of the visible range, showing a leaning-down bias as lower highs persist into the overnight session. Stabilizing action above local base levels keeps immediate breakdown risk contained for now.

Key levels — futures & ETF equivalents

      ES resistance
      7,750.00 (SPY ~$775.00)
    

      ES support
      7,715.00 (SPY ~$771.50)
    

      NQ resistance
      29,600.00 (QQQ ~$721.95)
    

      NQ support
      29,440.00 (QQQ ~$718.05)
    

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 macro slate is quiet through the European morning, with low-impact G20 meetings scheduled ahead of evening Japanese industrial and retail data. Price action is likely to remain technically driven within local ranges absent surprise headlines.

News backdrop: Somewhat-Bullish · 8 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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