Archive / London session

London Open Briefing — Thu, Sep 24

      Published September 24, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Bearish structure 0/100

Tone

Both ES and NQ head into the London open under persistent selling pressure, printing clean series of lower highs and lower lows overnight. Price action sits near the absolute base of the visible multi-session range, with sellers maintaining complete control of short-term structure. Any relief requires establishing acceptance back above broken breakdown levels.

Key levels — futures & ETF equivalents

      ES breakdown level
      7760.00 (SPY ~$776.00)
    

      ES session low
      7732.00 (SPY ~$773.20)
    

      NQ breakdown resistance
      30700.00 (QQQ ~$748.78)
    

      NQ session low
      30550.00 (QQQ ~$745.12)
    

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 Central Bank economic bulletin and Swiss National Bank rate decisions dominate early European hours. Broader market focus remains on overnight geopolitical headlines and energy market volatility.

News backdrop: Neutral · 35 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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