Very strange. NQ just traded down to 7820, but it's 7% limit according to the CME was 7922. Right now it sits at -7.93 and its halted.
So the fat fool in N Korea decides this is a good time to fire missiles and threaten "momentous action".
In this episode: "One man's massive buy signal is also that man's massive margin call ..." or "Not so much a floor as a tunnel ..." Gee Bullwinkle ...
Putin, MBS, Kim Jung Un, and Trump ... our very stable geniuses controlling the near-term fate of the Globe. And I can't get a tee time until 2:46 PM.
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).
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 by a huge rally once liquidations are done... but hard to say how low that will be...
Exactly right. It went right to 7922, but then at 09:34, it dropped some more, below the 7%. I almost wonder if the breaker failed or something like because it lasted just over a minute and then stopped.
Great news here!! Very few cases in Australia------very few cases in South America and Africa. This thing is seasonal and will be over soon.