rally rally rally rally today was to clear out the weak longs.. look for ar ally into christmas to get everyone pumped about investing next year! NEVER short into a holiday especially christmas!
Why would the market go limit down? When did that happen the last time? Did it happen during the financial crisis? According to my data, we had 3 days with a close less than 7% with maximum down roughly the same since 2005. The biggest at around 9 %. All 3 during the financial crisis. This is calculated using NYSE closing hours (cash close). Maybe limit down uses other close/open times. Was the market closed these days...?
Market was limit down on election night 2016, June 2016 around Brexit and Aug 2015 on a Sunday night/Monday morning.
Interesting. I'll be looking up these days later this weekend. Do I understand correctly that trading is not halted, but there's simply a up/down limit for the prices? It seems like for trading to be halted, there has to be a halt in the cash SP500 index: https://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html
My favorite one was MLK 2008 when SocGen blew up ES has been limit down during AH. Never has been during RTH that I am aware of unless maybe on 9/11/01 but I wasn't trading futures then so don't recall. Also every limit down on ES has paid very well for buying when it was at least since 2006.