Limit Down

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Some of you may not be acquainted with term "limit down", although most of you are. When a market is trading down so hard that the exchange itself won't allow a price to go any lower, it is limit down.

As of now, in equity futures (ES and NQ), we are limit down, having reached the thresholds imposed by the exchange. This is going to be one heck of an opening. Brace yourselves.