Archive / London session

London Open Briefing — Thu, Oct 22

      Published October 22, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Bearish structure 0/100

Tone

Both ES and NQ display pronounced downward structure heading into the London open, pressing directly against overnight lows following steady overnight liquidations. Repeated bounces have stalled into lower swing highs, maintaining a clear short-term bearish bias. Participation remains focused near the floor of the overnight expansion.

Key levels — futures & ETF equivalents

      ES breakdown resistance
      7740.00 (SPY ~$774.00)
    

      ES overnight low support
      7730.00 (SPY ~$773.00)
    

      NQ prior base resistance
      29600.00 (QQQ ~$721.95)
    

      NQ overnight low support
      29500.00 (QQQ ~$719.51)
    

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

The London morning calendar is relatively light with Swiss and UK industrial data, leaving geopolitical headlines to drive overnight sentiment ahead of US Unemployment Claims at 8:30 AM EDT.

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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