Archive / London session

London Open Briefing — Thu, Sep 3

      Published September 3, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bullish 58/100

Tone

Index futures are balancing near the upper boundaries of their overnight ranges heading into the London session. ES remains constrained in a tight multi-hour shelf around 7,680, while NQ shows slightly stronger relative push after retesting 29,200. Participation remains subdued across the board with narrow candles and compressed overnight volume.

Key levels — futures & ETF equivalents

      ES resistance
      7,688.00 (SPY ~$768.80)
    

      ES support
      7,672.00 (SPY ~$767.20)
    

      NQ resistance
      29,215.00 (QQQ ~$712.56)
    

      NQ support
      29,125.00 (QQQ ~$710.37)
    

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 morning calendar is relatively light, highlighted only by Swiss CPI and GDP data. Price action is likely to be guided by technical positioning and overnight inventory adjustments rather than major scheduled catalysts.

News backdrop: Neutral · 45 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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