ES has hit limit down already at 2174
I posted this a couple of weeks back, reposting now ICYMI:
Limit down means the contract is not allowed to move down more than 5% in overnight
- that is, there can be no trades lower until 9:30 am NY time
- trade above the lower limit is permitted
- that is price can trade up, just not any further down
- 5% up-and-down limits
- effective 5:00 p.m. - 8:30 am CT, Sundays through Fridays
Let me add for clarity, the ES market is NOT closed when it hits a limit. Right now its limit down at 2174. IF buyers emerge and begin taking offers it can trade higher at any time (up to 5% limit up move … which is of academic interest only at this point).
