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Archive / London session

London Open Briefing — Wed, Aug 26

Published August 26, 2026 · London session open · ES & NQ futures, translated to SPY/QQQ
Balanced 50/100
Tone

Price action across both ES and NQ has stabilized in a compressed consolidation band following the rebound from the Aug 24 lows. The tape is leaning slightly constructive in the short term with a series of minor higher lows, but upside remains capped beneath the prominent swing highs from earlier in the week. Expect a measured pace leading into major morning economic data.

Key levels — futures & ETF equivalents
ES breakdown resistance 7715 (SPY ~$771.50)
ES range support 7660 (SPY ~$766.00)
NQ resistance ceiling 29460 (QQQ ~$718.50)
NQ base support 28950 (QQQ ~$706.10)
Looking for today’s levels?
Today’s free levelSPY premarket levelsES overnight levelsNQ overnight levelsQQQ premarket levels
Positioning views for this session
SPY premarket levelsQQQ premarket levelsES overnight levelsNQ overnight levels
Market Structure Academy
Market ProfilePOCVAHVALOvernight inventoryFailed auctionOvernight high/lowPrevious close
On the calendar

Catalysts are centered on the 08:30 EDT Core PCE Price Index print, which serves as the primary high-impact economic driver for the upcoming US session.

News backdrop: Neutral · 40 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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