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US Open Briefing — Mon, Oct 5

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

Leaning bullish 58/100

Tone

Equities enter the open with a pullback off overnight highs, showing a divergence between ES consolidating mid-range and NQ pressing down toward its session lows. ES is currently testing the 7,770 base following a rejection at 7,783, while NQ exhibits sustained selling pressure after failing near 31,220. The morning stance leans cautious as buyers attempt to defend overnight support shelves.

Key levels — futures & ETF equivalents

      ES resistance
      7,783.25 (SPY ~$778.30)
    

      ES support
      7,770.00 (SPY ~$777.00)
    

      NQ resistance
      31,220.00 (QQQ ~$761.50)
    

      NQ support
      30,960.00 (QQQ ~$755.10)
    

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

The session carries a light US macroeconomic calendar following overnight European Services PMI data, leaving index price action primarily driven by technical structure and positioning around the cash open.

News backdrop: Neutral · 43 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.

← London, October 5, 2026

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