Archive / London session

London Open Briefing — Mon, Oct 26

      Published October 26, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Equities enter the European open leaning defensive after rolling over from overnight swing highs into established range lows. Both ES and NQ printed lower highs on their latest recovery pushes and are pressing directly into prior session support. Price action remains compressed near the bottom of the visible range against a quiet macro news tape.

Key levels — futures & ETF equivalents

      ES overnight swing high
      7684.50 (SPY ~$768.45)
    

      ES range low support
      7650.50 (SPY ~$765.05)
    

      NQ overnight resistance
      29205.00 (QQQ ~$712.30)
    

      NQ range floor
      29040.00 (QQQ ~$708.30)
    

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 session calendar features low-tier European data including German ifo Business Climate and UK CBI Realized Sales. Macro headlines around Middle East developments provide backdrop context, but scheduled economic catalysts remain light until the US session.

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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