Archive / London session

London Open Briefing — Wed, Sep 2

      Published September 2, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Overnight price action has chopped within a defined consolidation band, failing to sustain upside thrusts into resistance. ES and NQ pushed into session highs before rotating back toward mid-range levels with prominent wicks, pointing to neutral, rotational conditions ahead of European flow.

Key levels — futures & ETF equivalents

      ES overnight resistance
      7642.75 (SPY ~$764.28)
    

      ES overnight support
      7632.50 (SPY ~$763.25)
    

      NQ overnight resistance
      29100.00 (QQQ ~$709.76)
    

      NQ overnight support
      29020.00 (QQQ ~$707.80)
    

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

Early European indicators such as French budget balance and Spanish unemployment provide immediate regional context, while the broader macro focus centers on the US ADP employment report later in the morning.

News backdrop: Neutral · 47 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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