Archive / London session

London Open Briefing — Mon, Sep 28

      Published September 28, 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 multi-session consolidation following an overnight push to fresh local highs. Both ES and NQ show tight sideways compression just beneath overnight peaks, reflecting steady consolidation rather than aggressive selling. The near-term tone leans cautiously constructive as long as overnight shelf support remains intact.

Key levels — futures & ETF equivalents

      ES overnight resistance
      7815.00 (SPY ~$780.30)
    

      ES consolidation support
      7790.00 (SPY ~$779.00)
    

      NQ overnight resistance
      30950.00 (QQQ ~$754.88)
    

      NQ consolidation support
      30840.00 (QQQ ~$752.20)
    

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 European session features remarks from ECB President Lagarde and Bank of England MPC Member Ramsden, followed by Fed speakers Bowman, Cook, and Barkin later in the US morning.

News backdrop: Neutral · 34 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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