Dow Drops Below 20k, Circuit-Breakers Imminent
After yesterday's hope-filled day of gains on massive monetary and fiscal largesse, futures traded limit-down overnight and ETFs signaled a 6.5-7% loss in the pre-market but bounced to the futures-limit-down level at the open…
During US trading hours (Cash), these are the levels for the various circuit-breakers to hit:
Level 1: 7% fall to 2352.14 before 15:25EDT/19:25GMT will prompt a 15-minute pause.
Level 2: 13% drop to 2200.39 before said time will introduce another 15-minute pause.
Level 3: 20% decline to 2023.35 within the time will shut the markets
Will we see the first Level 2 trigger today?
https://www.zerohedge.com/markets/dow-drops-below-20k-circuit-breakers-imminent