The up limit is 2498. There now.

more to come

Last week and this week I have been positng on what limit down means, time to update!

Limit down up means the contract is not allowed to move down up more than 5% in overnight

  • that is, there can be no trades lower higher until 9:30 am NY time
  • trade above below the lower upper limit is permitted
  • that is price can trade up down, just not any further down up

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  • in this instance what that means is the ES cannot by trade below above 2498 until the stock market opens at 9:30am ET. It can trade higher lower at any time.
  • 5% up-and-down limits
  • effective 5:00 p.m. - 8:30 am CT, Sundays through Fridays