DOW futures down 800

[Overnight]

Hardly!

Will be nice to see if they can manage it.

 

[JamesJ]

does that mean you can't take short positions tomorrow?

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 the S&P 500 Index value at 3:00 p.m.

5:00 p.m. – 8:30 a.m.


Price Limits

+/-5%



If the Primary futures contract is limit bid or limit offered at 8:23 a.m. and remains limit bid or limit offered at 8:25 a.m., then trading will be halted until 8:30 a.m. During the halt, the Exchange will provide an indicative opening with price limits expanded to 7% down.

 

[JamesJ]

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).

 

[JamesJ]

Level for NQ March is 8093.25, also getting there.
YM March 24534.

 

[trader99]

Well hell, it did get there recently, didn't it. Forgot about that drop, heh

are you using IB? They raised their freakin' margins on MNQs. So I can't play my max size. Oh well. Probably saved me. I'm playing conservatively tonight anyhow to keep my powder dry for tomorrow!

 

[NQurious]

2819 is limit down in march ES

2815.50, I believe

 

[JamesJ]

2815.50, I believe

2819, see here: https://www.cmegroup.com/trading/price-limits.html#equityIndex

 

[mskl]

limit down

 

[volente_00]

Crude traded at $30!

My memory may be failing but I don't think oil hit under $35 back in 2008


If it doesn't rebound this is going to fire up some big layoffs and jump start a higher unemployment number

 

[Overnight]

Limit down reached. Fascinating.