Archive / London session

London Open Briefing — Wed, Oct 21

      Published October 21, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bullish 67/100

Tone

Futures are stabilizing in a consolidating middle band following sharp rejections off local highs and subsequent higher-low defenses. ES holds above 7,750 while NQ steadies over 29,700 after failing to maintain prior impulse moves. Structural bias is neutral to leaning-up as the market builds a base above the Oct 20 lows.

Key levels — futures & ETF equivalents

      ES resistance
      7791.00 (SPY ~$779.10)
    

      ES support
      7750.00 (SPY ~$775.00)
    

      NQ resistance
      29890.00 (QQQ ~$729.00)
    

      NQ support
      29650.00 (QQQ ~$723.20)
    

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 macro data leads the session with UK inflation metrics and German Bundesbank commentary. Headwinds surrounding energy price surges and geopolitical tensions remain the primary macro background themes.

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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