Nasdaq futures signaling biggest point drop in nasdaq history!!

[Coin Flip]

I am waiting for that huge rebound to short into. Patiently waiting.

 

[SunTrader]

ES down 9%
You will start getting buyers at 10% down

Why?

Or rather I should say ... so.

There were buyers at 1%, and 2 and 3 ....

What is so special about the number 10?

 

[mervyn]

Why?

Or rather I should say ... so.

There were buyers at 1%, and 2 and 3 ....

What is so special about the number 10?

technically a correction territory, trapped traders will fight a little.

 

[wxytrader]

Whoever said the sky was falling? This this was obviously a fill the gap situation...option call spreads were ridiculous because of it....just the ones that had a chance of being itm of course. Gentlemen, we are in a huge hamster wheel lol...

IWM bid/ask spread shortly after open:

 

[SunTrader]

technically a correction territory, trapped traders will fight a little.

Yes well aware 10% down is a correction but anyway we reached 9.71% for anyone waiting till 10 or any other figure.

 

[blink18]

No one saw this coming in an election year, just a few weeks ago firms were ramping up year end targets and touting the best tech rally in history and that nothing could stop this rally. And here we are headed for the biggest point decline in history of the nasdaq!!


This is one for the records. If futures hold from now until open it will be the biggest nasdaq point drop in history!!!


Last biggest point decline for the nasdaq was:

March 16, 2020 when the nasdaq fell 970 points to 6904,

Nobody cares about POINT drop. Ever heard of PERCENT drop?

 

[Coin Flip]

Nobody cares about POINT drop. Ever heard of PERCENT drop?

Actually I only care about point drop and not percentage drop. I trade futures. Contracts are based on dollars per index point.

 

[S2007S]

Nobody cares about POINT drop. Ever heard of PERCENT drop?

When the average joe tonight looks at the closings on the dow, that big fat 1000 point drop is going to look a hell of a lot more frightening than the miniscule -2.6%.....

 

[Coin Flip]

When the average joe tonight looks at the closings on the dow, that big fat 1000 point drop is going to look a hell of a lot more frightening than the miniscule -2.6%.....

And also the news reports movements in indices in terms of points all the time: "today the Dow is lower by 510 points."

 

[S2007S]

And also the news reports movements in indices in terms of points all the time: "today the Dow is lower by 510 points."

Exactly...you don't here them say the dow was up .32%...they say in point terms because it's better understood...