LiquidityLevelsSPY premarket levels today: what ES did overnight
SPY options open at 9:30 AM ET into a market that ES futures have been pricing all night. This page shows the overnight map in SPY terms: key support and resistance from ES, the structure behind them, and how to read them.
US Open Briefing — Mon, Oct 5
Equities enter the open with a pullback off overnight highs, showing a divergence between ES consolidating mid-range and NQ pressing down toward its session lows. ES is currently testing the 7,770 base following a rejection at 7,783, while NQ exhibits sustained selling pressure after failing near 31,220.
Read the full briefing · SPY premarket levels for this session
What are SPY premarket levels?
SPY premarket levels are reference prices, such as overnight highs and lows, support and resistance, and the prior close, that traders mark before the cash session. Because SPY barely trades overnight, the best record of where the market went is the ES futures contract, which trades nearly 24 hours.
LiquidityLevels reads the ES overnight session, identifies the levels the market respected or rejected, and translates each into an approximate SPY price (ES divided by roughly 10). The briefing also describes structure: where price sits in its range, the trend sequence, and how it reacted at key levels.
Why overnight futures matter
- SPY options are closed overnight, so the gap and the first minutes of the day are decided by what ES already did.
- Strikes, spreads and risk are chosen in SPY terms, so the futures level has to be translated before it is useful.
- Overnight highs, lows and the prior close often act as the first reference points after the open.
How the levels are derived
Each briefing is generated before the Asia, London and US session opens from recorded chart observations on ES (and NQ or ES for cross-reference): where price sits in the visible range, the trend sequence, how it reacted around key levels, and the scheduled events ahead. Levels are then translated into SPY terms using a reference ratio of about 10 (ES points per SPY dollar). The ratio drifts with futures basis and dividends, so the result is an approximation. See how the translation works.
Learn the vocabulary
Overnight inventory
How the overnight lean shapes the open
Read the guide →Overnight high and low
The most-watched pre-open levels
Read the guide →Previous close
The baseline for the gap
Read the guide →Value area high
Where accepted value ends
Read the guide →Gap fill
What a gap does and does not mean
Read the guide →Free tools for this market
Recent sessions
Every briefing is published unedited 24 hours after delivery. Recent SPY premarket levels pages:
- Mon, Oct 5 · US session
- Mon, Oct 5 · London session
- Sun, Oct 4 · Asia session
- Sun, Oct 4 · US session
- Sun, Oct 4 · London session
- Sat, Oct 3 · Asia session
- Sat, Oct 3 · US session
- Sat, Oct 3 · London session
- Fri, Oct 2 · Asia session
- Fri, Oct 2 · US session
Browse the full public archive · See the charts at publish time and at the next open
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Frequently asked questions
What are SPY premarket levels?
How do you get SPY levels from ES?
Is this a signal to buy or sell SPY?
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LiquidityLevels provides informational and educational market commentary only. Levels are reference points, not trade signals, personalized advice or a recommendation to buy or sell any security or derivative.