Archive / London session

London Open Briefing — Tue, Sep 29

      Published September 29, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Bullish structure 100/100

Tone

Both ES and NQ show an aggressive bullish expansion heading into the European morning, reversing the overnight selloff in a single directional wave. Price has reclaimed prior swing highs and pressed into fresh session highs near 7745 and 30553. The near-term tape is decidedly bullish, though extended at the very top of the visible range.

Key levels — futures & ETF equivalents

      ES resistance / high
      7745.00 (SPY ~$774.50)
    

      ES reclaimed breakout level
      7740.00 (SPY ~$774.00)
    

      NQ resistance / high
      30555.00 (QQQ ~$745.24)
    

      NQ breakout shelf
      30520.00 (QQQ ~$744.39)
    

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

Light European macroeconomic docket overnight with Swiss KOF, Spanish CPI, and UK credit metrics offering minor regional context ahead of the cash open.

News backdrop: Neutral · 39 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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