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US Open Briefing — Mon, Oct 12

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

Leaning bearish 25/100

Tone

Futures are trading with a heavy, leaning-down posture heading into the cash open following an overnight selloff. Both ES and NQ are hovering near session lows after testing below prior base levels, showing muted bounce attempts into resistance. Thin holiday conditions appear to be dampening follow-through, leaving price compressing near the lower end of the overnight range.

Key levels — futures & ETF equivalents

      ES breakdown resistance
      7870 (SPY ~$787.00)
    

      ES overnight low support
      7860 (SPY ~$786.00)
    

      NQ overnight resistance
      31100 (QQQ ~$758.50)
    

      NQ overnight low support
      31040 (QQQ ~$757.00)
    

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 coincides with a US bank holiday, leaving bond markets closed and likely keeping equity volume subdued. Speeches from central bank officials and ongoing IMF meetings represent the primary scheduled touchpoints amidst elevated geopolitical headlines.

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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