Archive / London session

London Open Briefing — Wed, Sep 9

      Published September 9, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
    

Leaning bearish 42/100

Tone

Both ES and NQ display a soft overnight profile, drifting downward following a failed push into the upper boundary of their multi-session ranges. ES is pressing down toward local swing support near 7678, while NQ holds just above its 29510 baseline. With geopolitical headlines keeping sentiment cautious, price action remains heavy beneath session highs.

Key levels — futures & ETF equivalents

      ES overnight support
      7678.75 (SPY ~$767.90)
    

      ES breakdown resistance
      7700.00 (SPY ~$770.00)
    

      NQ shelf support
      29510.00 (QQQ ~$719.75)
    

      NQ overhead supply
      29640.00 (QQQ ~$722.90)
    

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 light, featuring minor French Industrial Production data and a German bond auction, ahead of US ADP employment updates later in the morning. Continued developments surrounding Middle East energy infrastructure and shipping routes remain the primary active headline risks.

News backdrop: Neutral · 41 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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