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US Open Briefing — Mon, Sep 28

      Published September 28, 2026 · US session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bullish 58/100

Tone

Both ES and NQ enter the session consolidating tightly near the upper boundaries of their multi-day ranges after strong rallies late last week. Price action is chopping sideways just under recent peaks at 7,816 on ES and 30,940 on NQ, reflecting compression ahead of the cash open. The structural bias leans upward, but short-term momentum has paused as the market absorbs resistance at these highs.

Key levels — futures & ETF equivalents

      ES range high resistance
      7816.00 (SPY ~$781.60)
    

      ES consolidation base support
      7790.00 (SPY ~$779.00)
    

      NQ swing high resistance
      30940.00 (QQQ ~$754.63)
    

      NQ local shelf 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

Catalysts are relatively muted with European Central Bank President Lagarde speaking at 9:30 AM ET followed by low-impact Fed appearances from Cook and Barkin in the afternoon.

News backdrop: Neutral · 36 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 28, 2026

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