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Archive / London session

London Open Briefing — Mon, Aug 10

Published August 8, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
Balanced 50/100
Tone

Price action across ES and NQ shows a modest attempt to establish higher ground after a move off recent overnight lows, though momentum remains restrained around current pivot points. ES is floating mid-range around 7,775 while NQ rests near 29,820. The early structure leans mildly upward off the lows, but participation appears light ahead of major catalyst events.

Key levels — futures & ETF equivalents
ES overnight resistance 7780.00 (SPY ~$778.00)
ES local support 7770.00 (SPY ~$777.00)
NQ overnight resistance 29850.00 (QQQ ~$728.00)
NQ local support 29800.00 (QQQ ~$726.80)
Positioning views
SPY premarket levelsQQQ premarket levelsES overnight levelsNQ overnight levels
Market Structure Academy
Market ProfilePOCVAHVALOvernight inventoryFailed auctionOvernight high/lowPrevious close
On the calendar

The economic calendar is relatively quiet for the session, with a scheduled speech by FOMC Member Bowman providing light central bank context. Traders are monitoring broader geopolitical headlines and headline flows for potential shifts in sentiment.

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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