Archive / London session

London Open Briefing — Tue, Oct 20

      Published October 20, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bullish 67/100

Tone

Price action into the European open shows an aggressive vertical rebound following an overnight low, returning both ES and NQ back toward their session midpoints. Despite the rapid push higher, structure remains bounded within the broader multi-session consolidation range. Bias is balanced to mildly leaning-up as buyers attempt to establish higher lows against recent pullbacks.

Key levels — futures & ETF equivalents

      ES range high resistance
      7753.00 (SPY ~$775.30)
    

      ES overnight swing support
      7728.00 (SPY ~$772.80)
    

      NQ range high resistance
      29800.00 (QQQ ~$726.80)
    

      NQ overnight swing support
      29600.00 (QQQ ~$721.95)
    

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

European morning catalysts feature UK labor market data alongside German PPI and ZEW Economic Sentiment, which could inject localized volatility into early index moves.

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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