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US Open Briefing — Wed, Sep 2

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

Leaning bearish 33/100

Tone

Both ES and NQ experienced heavy selling off their late-August peaks, finding a temporary floor near 7,620 and 28,990 before consolidating in a narrow overnight range. Price action remains in a broader downtrend with lower highs and lower lows across recent sessions, stabilizing near the lows heading into the open. The bias remains leaning down unless prior breakdown shelves are reclaimed.

Key levels — futures & ETF equivalents

      ES support
      7620.00 (SPY ~$762.00)
    

      ES resistance
      7665.00 (SPY ~$766.50)
    

      NQ support
      28990.00 (QQQ ~$707.07)
    

      NQ resistance
      29280.00 (QQQ ~$714.15)
    

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

Markets digest morning employment data following the 8:15 AM ET ADP Non-Farm report ahead of the cash open.

News backdrop: Neutral · 33 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, September 2, 2026

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