Archive / London session

London Open Briefing — Mon, Sep 7

      Published September 7, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bullish 58/100

Tone

Index futures display divergence heading into the European session, with ES consolidating quietly above prior session lows while NQ pushes back into its recent highs. After sharp pullbacks late last week, ES has stabilized around the 7,720 area while tech shows relative strength by grinding toward 29,700. The broader tone leans cautiously balanced as the market absorbs recent geopolitical headlines around energy markets.

Key levels — futures & ETF equivalents

      ES range support
      7700.00 (SPY ~$770.00)
    

      ES range resistance
      7765.00 (SPY ~$776.50)
    

      NQ swing high resistance
      29700.00 (QQQ ~$724.39)
    

      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

The European session features low-impact regional data including German Industrial Production and Sentix Investor Confidence, with the US calendar light due to the holiday weekend. Attention remains largely on macro and energy headlines as oil prices react to geopolitical friction.

News backdrop: Neutral · 10 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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