Archive / London session

London Open Briefing — Mon, Oct 5

      Published October 5, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Bearish structure 0/100

Tone

Overnight price action has turned sharply defensive as sellers erased the late Sunday extension to drive both contracts into the lower bounds of their intraday sessions. ES and NQ have both breached their prior session consolidation floors around 7,770 and 31,040, showing steady lower highs into the European open. Unless buyers quickly reclaim these breakdown zones, structure remains titled downward across the morning tape.

Key levels — futures & ETF equivalents

      ES breakdown support
      7770.00 (SPY ~$777.00)
    

      ES overnight resistance
      7790.00 (SPY ~$779.00)
    

      NQ breakdown support
      31040.00 (QQQ ~$757.07)
    

      NQ overnight resistance
      31220.00 (QQQ ~$761.46)
    

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

European Final Services PMIs and remarks from ECB policymaker Nagel dominate the early European session, though major US macroeconomic releases remain light ahead of regular trading hours.

News backdrop: Neutral · 45 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.

← Asia, October 4, 2026

Get briefings like this before the session opens

Telegram and email, ahead of the Asia, London, and US opens. 14 days free, no card.

Start free trial