US Open Briefing — Sun, Oct 18
Both ES and NQ enter the session under heavy downward pressure following an aggressive sell-off that broke prior multi-session support zones. While price has paused and carved out a minor consolidation off the lows, the structural posture remains firmly defensive and dominated by lower lows. Any bounces into prior breakdowns face overhead supply until buyers can establish acceptance above previous support shelves.
The economic calendar is extremely light for the session, featuring only IMF meetings and low-tier international data releases later in the evening. With no major US data catalysts scheduled, market structure and technical levels around the overnight lows are likely to drive morning price discovery.
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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