Archive / US session

US Open Briefing — Fri, Sep 4

      Published September 4, 2026 · US session open · ES & NQ futures, translated to SPY/QQQ
    

Bullish structure 92/100

Tone

Both ES and NQ are holding near the upper boundary of their multi-day range after an aggressive push higher earlier in the week. Recent intraday price action reflects tight consolidation just beneath session highs, showing minor absorption without aggressive distribution. The structural bias remains firmly leaning upward while prices consolidate above broken shelf levels.

Key levels — futures & ETF equivalents

      ES swing high resistance
      7766.00 (SPY ~$776.60)
    

      ES consolidation support
      7748.00 (SPY ~$774.80)
    

      NQ swing high resistance
      29600.00 (QQQ ~$721.95)
    

      NQ shelf support
      29500.00 (QQQ ~$719.51)
    

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 center on the 8:30 AM release of US Average Hourly Earnings alongside broader labor and Canadian employment data, with geopolitical headlines out of the Middle East providing potential headline risk.

News backdrop: Neutral · 20 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 4, 2026

Get briefings like this before the session opens

Telegram and email, ahead of the Asia, London, and US opens. 14 days free, no card.

Start free trial