Archive / London session

London Open Briefing — Tue, Nov 3

      Published November 3, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Bearish structure 0/100

Tone

Both ES and NQ remain in sustained downtrends, grinding into fresh multi-day lows heading into the European morning. Selling pressure has persisted steadily off the Nov 2 lower highs, with price action hovering near cycle lows without signs of an impulsive bid.

Key levels — futures & ETF equivalents

      ES breakdown resistance
      7580 (SPY ~$758)
    

      ES prior swing low
      7550 (SPY ~$755)
    

      NQ breakdown resistance
      28200 (QQQ ~$688)
    

      NQ overnight support
      28050 (QQQ ~$684)
    

Looking for today’s levels?

Today’s free level SPY premarket levels ES overnight levels NQ overnight levels QQQ premarket levels

Positioning views for this session

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 European session slate is relatively quiet with Swiss CPI and minor sovereign bond auctions on deck. Macro risk focus remains centered on geopolitical headlines in the Middle East following overnight developments.

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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