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US Open Briefing — Thu, Oct 1

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

Leaning bearish 42/100

Tone

Both ES and NQ spent the overnight session staging a recovery rally from the sharp selloff lows, but upside momentum has stalled at prior breakdown reference points. ES has repeatedly encountered resistance near 7748 while NQ flags lower beneath 30940, keeping near-term bias cautious and sideways. Until these intraday recovery ceilings are reclaimed, structure remains vulnerable to retesting overnight base levels.

Key levels — futures & ETF equivalents

      ES resistance
      7748.50 (SPY ~$774.85)
    

      ES support
      7705.00 (SPY ~$770.50)
    

      NQ resistance
      30940.00 (QQQ ~$754.63)
    

      NQ support
      30755.00 (QQQ ~$750.12)
    

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 US morning calendar is light on tier-one domestic releases following European PMI data. Headwinds from international bond yield pressures and Middle East geopolitical developments remain the primary macro inputs for cash-session sentiment.

News backdrop: Somewhat-Bullish · 32 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, October 1, 2026

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