Archive / London session

London Open Briefing — Mon, Oct 12

      Published October 12, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Both indices are leaning defensive heading into the European morning following sharp overnight rollbacks from session highs. ES has retraced back toward the 7,875 support pocket after topping near 7,887, while NQ has broken back down into the 31,160-31,180 area. Across both charts, lower highs dominate recent swings against subdued overnight participation.

Key levels — futures & ETF equivalents

      Overnight support
      7,875.00 (SPY ~$787.50)
    

      Session high resistance
      7,887.50 (SPY ~$788.75)
    

      Overnight low support
      31,160.00 (QQQ ~$760.00)
    

      Prior swing resistance
      31,260.00 (QQQ ~$762.44)
    

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 session carries a quiet macro calendar with a US and Canadian bank holiday limiting typical institutional participation. Headline risk around Middle East geopolitical developments remains the primary variable capable of triggering abrupt intraday repricing.

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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