The last time futures trading hit the overnight limit was election night of 2016, when markets initially sold off following the news that Donald Trump had won the election. That selling pressure quickly subsided and the major indexes closed up by around 1 percent or so the following day.
You can repeat that all you want but without MAJOR intervention there will be a huge sell off...and part of it will be margin calls.
ON the bright side
Will Meade
@realwillmeade
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4h
If you’re a bull the bloodbath tonight and tomorrow is exactly what you want a huge 4% drop taking out recent panic lows then we likely bottom this week. This feels like the real panic low tonight.. Fed now likely to cut another 25 to 50 on 3/18, and may telegraph it this week
I hope you understand that even just TONIGHT part of this is margin calls from people trading the futures. Do you understand how much is being lost tonight by people who are long S&P??? I only do futures options for reasons we are seeing tonight.