- Admin
- #1
MJ DeMarco
I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Market opened down 7% ... a complete shit show, and trading continues to be halted as circuit breakers trip.
Marketwatch.com (financial news) also keeps going down.
Here are the price levels:
Based on the market regulations, the following circuit breaker rules will apply for today if met: Based on SPX prices: Level 1 - (7% decline) 15 minute trading halt Level 2 - (13% decline) 15 minute trading halt Level 3 - (20% decline) Trading suspended for the day.
More info:
Of note, if the SPY hits -600, trading for the day is closed -- I don't remember that ever happening in history, perhaps back in the depression crash.
Folks, this could be THE BIG ONE, one that would be remembered for decades.
Marketwatch.com (financial news) also keeps going down.
Here are the price levels:
Based on the market regulations, the following circuit breaker rules will apply for today if met: Based on SPX prices: Level 1 - (7% decline) 15 minute trading halt Level 2 - (13% decline) 15 minute trading halt Level 3 - (20% decline) Trading suspended for the day.
More info:
The market triggered a 'circuit breaker' that kept stocks from falling through the floor. Here's what you need to know
With stocks looking set to open sharply lower, investors will be watching for more market circuit breakers that can halt trading.
www.cnbc.com
These circuit breakers have never been triggered in their current form during regular trading hours. The prior circuit breaker system was revamped after it failed to prevent the May 2010 flash crash. The current set of breakers were put into effect in February 2013.
Of note, if the SPY hits -600, trading for the day is closed -- I don't remember that ever happening in history, perhaps back in the depression crash.
Folks, this could be THE BIG ONE, one that would be remembered for decades.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.