Exactly, if we head lower it will most likely increase. It is somewhat unusual for this size of ATR and the VIX this high.
If you want my $$$ Answer my questions on futures:
- Thread starter bvam1
- Start date
Quote from nitro:
??? Limit down on the ES and NQ is 40 points! ???
From the CME: http://www.cme.com/products/index/products_index_pricelimitguide.cfm
"Down only. Once a limit offer has been established, trading can occur at or above this limit for 102 minutes or until 2:30 p.m. CT.3 Trading will halt for two minutes if the primary futures contract is limit offer at the end of the 102 minutes or at 2:30 p.m. CT3. Trading will resume with the 10% limit in effect."
nitro
Well, the first limit down for the NQ is 50 points. And all you have to do is scroll back over a daily chart of the nq and you can see plenty of days in the high 30's and low 40's. I use Qcharts so it could be way off, but scrolling the index itself provides the same info.
Magna
Administrator
The NQ emini lock limit-down range got expanded on Jan 1 from 40 to 50 points. Here's a link at the CME with a complete listing:
http://www.cme.com/products/index/products_index_pricelimitguide.cfm
http://www.cme.com/products/index/products_index_pricelimitguide.cfm