Archive / London session

London Open Briefing — Fri, Oct 2

      Published October 2, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Both index futures are stabilizing into the London open after bouncing off their early October lows, with price action shifting into tight overnight consolidation. ES has settled near 7732 while NQ hovers around 30809, stalling beneath recent swing resistance. Participation remains subdued as the market awaits high-impact US macro data later in the day.

Key levels — futures & ETF equivalents

      ES resistance
      7760.00 (SPY ~$776.00)
    

      ES support
      7680.00 (SPY ~$768.00)
    

      NQ resistance
      30900.00 (QQQ ~$753.65)
    

      NQ support
      30600.00 (QQQ ~$746.34)
    

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

Eurozone CPI flash estimates cross early in the European morning, but the primary macro catalyst arrives at 08:30 EDT with US Non-Farm Payrolls, Unemployment Rate, and Average Hourly Earnings.

News backdrop: Neutral · 36 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.

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