He means there is no reason to assume it will open again near the same price. If interrupted by some sort of catastrophe, such as 9/11, the price could be VERY different.
Why would you assume that? If there is a black swan event that causes ES trading to hault, why would it reopen at the same price? If a stock gets haulted for news dissemination or an order imbalance, would it reopen at the same price? Doesn't anybody think before posting? surdo
It will reopen at the highest bid. B/A's are not held on a halt or weekend,3:15-3:30 or 4:30-5:00 pm cst maintinance closes.