Friday STOCK MARKET DOOM watch- Circuit Breaker Targets

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Basics:

The NYSE opens at 9:30 am EST and closes at 4:00 pm

The most reported and most followed is the DOW Ind. Average.

The DOW closed at 25,766.64 Yesterday

If the markets plunge to certain levels, trading will be
halted for a time.
This is commonly known as “circuit breakers”.

The circuit breakers are triggered by a decline in the S&P 500,
not the DOW, although both indexes usually rise and fall in
very similar percentages.

…”If the index falls by 7% below its previous close, this is
known as a Level 1 decline. A Level 2 decline refers to a
drop of 13%, whereas a Level 3 decline refers to a drop of 20%.

Level 1 or 2 circuit breakers halt trading on all exchanges
for 15 minutes, unless they are triggered at or after 3:25 PM,
in which case trading is allowed to continue. Level 3 circuit
breakers halt trading for the remainder of the trading day
(9:30 AM to 4:00 PM).”…
www.investopedia.com/terms/c/circuitbreaker.asp

Trigger targets for today:

S&P
Level 1 : -208.51 = 2,770.25
Level 2 : -387.24 = 2,591.52
Level 3 : -595.75 = 2,383.01

Expectation of approximate DOW levels at triggers:

Level 1 : -1,803.66 = 23,962.98
Level 2 : -3,349.66 = 22,416.98
Level 3 : -5,153.33 = 20,613.31

 

 

h/t Trained Noticer

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