08.03.20 20:15 ET
EDIT: UPDATE 10 p.m. ET….S&P E-mini futures just went limit down at 2818 again tonight and are now locked until the market open. Look for a disaster at 09:30 ET tomorrow. Asian markets are getting smoked and the news is getting worse across the board.
Nightmares abounds tonight…
According to the CBOE, the limit is 5% down in the ES-Mini (S&P 500 ) futures contract. We nailed that in less than 3 hours of trading tonight causing a brief circuit breaker or pause in trading.
However that chart does not do it justice. The US 10 year and especially the 2 year Treasury instruments are indicating a disaster of epic proportions as the smart money flees EVERYTHING:
Panic first, beat the rush I say, yet no one listens.