Archive / London session

London Open Briefing — Tue, Sep 8

      Published September 8, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Bearish structure 17/100

Tone

Both ES and NQ experienced aggressive selloffs through the overnight session, completely unwinding the late-evening push to new highs and driving price straight down into the prior day's base. While a minor bounce is stabilizing near the lows heading into London trade, the immediate bias leans sharply lower following the steep structural displacement. Any recovery faces immediate overhead supply where previous support shelves were lost.

Key levels — futures & ETF equivalents

      ES breakdown resistance
      7710.00 (SPY ~$771.00)
    

      ES overnight low support
      7695.00 (SPY ~$769.50)
    

      NQ breakdown resistance
      29680.00 (QQQ ~$723.90)
    

      NQ overnight low support
      29560.00 (QQQ ~$721.00)
    

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

European session trade data from Germany and France arrives early, though broader macro sentiment remains sensitive to ongoing geopolitical headlines and energy market volatility.

News backdrop: Somewhat-Bullish · 48 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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