Archive / London session

London Open Briefing — Thu, Oct 15

      Published October 15, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Both ES and NQ are leaning defensive following sharp multi-day declines from the weekly highs, with price compressing near recent session lows. Immediate upside attempts have been firmly capped, leaving intraday structure leaning lower into the European open. A period of low-volatility drift reflects measured participation ahead of regional data.

Key levels — futures & ETF equivalents

      ES intraday resistance
      7746.00 (SPY ~$774.60)
    

      ES overnight base
      7730.00 (SPY ~$773.00)
    

      NQ overnight shelf
      29812.50 (QQQ ~$727.13)
    

      NQ intraday resistance
      29965.00 (QQQ ~$730.85)
    

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

Catalysts for the London morning include the UK monthly GDP print alongside earlier Swiss and Japanese policy remarks. Geopolitical headlines surrounding Middle East tensions remain an active background driver for broader index sentiment.

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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