Archive / London session

London Open Briefing — Fri, Sep 18

      Published September 18, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bullish 58/100

Tone

Futures are holding near the upper boundary of their weekly balance following a sharp rebound from the September 17 lows. ES and NQ have both pressed back toward previous highs around 7,720 and 29,800, but progress has flattened out into tight overnight consolidation. The tone is leaning constructive as long as these post-recovery shelves hold, though momentum remains subdued heading into European trading.

Key levels — futures & ETF equivalents

      ES resistance
      7,720.00 (SPY ~$772.00)
    

      ES support shelf
      7,680.00 (SPY ~$768.00)
    

      NQ resistance
      29,800.00 (QQQ ~$726.83)
    

      NQ support shelf
      29,600.00 (QQQ ~$721.95)
    

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 macro releases feature UK Retail Sales and German PPI, while market attention remains on ongoing BOJ policy communications and broader geopolitical headlines out of the Middle East.

News backdrop: Neutral · 46 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.

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