ES Journal - 2019/2020

Overnight · Mar 15, 2020

schizo said:
Anyone know when trading will resume?...

There is no halt status on the CME during trading hours. The only HALT status is from 4:15 PM ET to 4:30 PM ET, and in the midday during certain federal holidays.

You are confusing a trading limit with a trading circuit breaker. The CME has a trading limit, but trading is still open. You can go ahead right now and buy an ES at the ask price! It will go through fine!

The NYSE etc, those stock peoples, are the ones with circuit breakers, where at 7% down all trading stops period for 15 minutes. Then 13%, then 20%. blah blah.

CME for teh win!

Buy1Sell2 · Mar 15, 2020

Halts occur during RTH, not overnight except for the period of 9:25 AM to 9:30 AM Eastern.

schizo · Mar 16, 2020

Overnight said:
You can go ahead right now and buy an ES at the ask price! It will go through fine!

The NYSE etc, those stock peoples, are the ones with circuit breakers, where at 7% down all trading stops period for 15 minutes. Then 13%, then 20%. blah blah.

CME for teh win!

My action might seem illogical at times, but I ain't no idiot.

Anyway, are you referring to this link?

https://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html

RubberBand · Mar 16, 2020

Can anyone explain to me why ES halted at 2555.50 when the CME said the 5% limit down was 2529.50? The other days we hit limit down, the halt prices published by CME matched what happened in the market.

DarthSidious · Mar 16, 2020

RubberBand said:
Can anyone explain to me why ES halted at 2555.50 when the CME said the 5% limit down was 2529.50? The other days we hit limit down, the halt prices published by CME matched what happened in the market.

View attachment 222232

ESH1 is March '21 expiry. That's not what you want. You want ESH0 or ESM0 depending on if you are still on March or moved to June. 2020, that is

RubberBand · Mar 16, 2020

DarthSidious said:
ESH1 is March '21 expiry. That's not what you want. You want ESH0 or ESM0 depending on if you are still on March or moved to June. 2020, that is

Silly me. Of course I knew that, but for some reason when I punched in the search name, I used ESH and therefore didn't see the new ESM. Thanks!

trading_jean · Mar 16, 2020

I would not be surprised to see the markets close for a while, things are historically bad at the moment. It must make a lot of people extremely nervous.
Any experts here on how likely this scenario is?

schizo · Mar 16, 2020

DAX already down more than 10%.

Buy1Sell2 · Mar 16, 2020

Looking for the right opportunities to get long on day trades today. I'll take a look as well at long term buying opportunities. This thing will be over soon. Most folks can't see that----Some can.

gmal · Mar 16, 2020

Buy1Sell2 said:
Looking for the right opportunities to get long on day trades today. I'll take a look as well at long term buying opportunities. This thing will be over soon. Most folks can't see that----Some can.

Just like you saw long buying opportunities from 3300