Archive / London session

London Open Briefing — Thu, Oct 1

      Published October 1, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Bearish structure 8/100

Tone

Both ES and NQ experienced sharp overnight selloffs following a failed push higher early in the session. Price action has dropped into prior base areas and is currently consolidating near local lows. The immediate bias leans weak unless buyers can quickly reclaim the broken intraday shelf.

Key levels — futures & ETF equivalents

      ES breakdown level
      7760.00 (SPY ~$776.00)
    

      ES overnight low
      7750.00 (SPY ~$775.00)
    

      NQ prior shelf resistance
      31080.00 (QQQ ~$758.05)
    

      NQ overnight low support
      31040.00 (QQQ ~$757.07)
    

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

European manufacturing data including Spanish Manufacturing PMI provides early session macro context. Low-tier Swiss CPI and UK housing prints offer limited headline catalyst risk as London opens.

News backdrop: Neutral · 39 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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