at least you weren't the guy who kept buying uwt @1.84 for more than two hours, when the value of the fair value of the etf already went way lower...
Free money with CL hedge.
ES orderbook is already filling with huge sell orders again.
All those liquidations that haven't been filled at -5%. Remember there war 15k sitting at limit down.
Only a fraction came in at 9:30. They are now even more belly up...
I guess that liquidation wave will take SPX < 2700... followed...
I've seen that too, must have been some error.
It did stop at -7% and went into auction, but only for a very short moment (as usual on extreme volatility, i.e. on 28th february into the close, there was also such a short breaker).
Do i get it right, that there will be an opening print and iff SPX down 7% or more trading will be halted. So ES could potentially open lower probably at exactly 7% limit down after the auction from 9:25-9:30 and only halt after the opening print in equity markets (which might be a tiny bit...
Some stupid folks buy ES and co. although SPY/QQQ are already way lower than the limit down ask.
Orderbooks however are very full at limit down price. ES currently 13354 offered at 2819... A HFT paradise if big market moving news (such as another FED intervention or the Trump PPT Tweet...).
I...
I guess that limit down level is like a magnet, cause everyone wants to get out before getting to a trading halt with limit down asks and not being able to close a long position (as it is an ask only situation).
What are the provisions for S&P 500 Futures during Non-US Trading Hours?
5:00 p.m. to 8:30 a.m. CT: There is a hard upside and downside limit of 5% from 5:00 p.m. to 8:30 a.m. The midpoint of the 5% limit is based on the 3:00 p.m. futures fixing price. The width of the 5% limit is based on 5% of...
Suspended.
It sounds like a very good idea to me too.
Imho there is a chance of a flash crash like event in the near future.
While the swings have been wild there hasn't really been panic yet.
Many down moves were in premarket and trading was, considering 1000+ ranges in the Dow, relatively...