STOCK MARKET DOOM watch- Circuit Breaker Targets- Monday March 09, 2020 LEVEL ONE HIT already

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 25,864.78 Friday.

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.

The S&P 500 closed at 2,972.37 Friday

..."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)."...
[link to www.investopedia.com (secure)]

Trigger targets for today:

S&P
Level 1 : -208.07 = 2,764.30
Level 2 : -386.41 = 2,764.30
Level 3 : -594.47 = 2,377.90

Expectation of approximate DOW levels at triggers:

Level 1 : -1,810.53 = 24,054.25
Level 2 : -3,362.42 = 22,502.36
Level 3 : -5,172.96 = 20,691.82


Dow futures are indicating a severe DOWN day, at -1.256.00
World markets are DOWN.

[link to www.investing.com (secure)]

Katy, bar the door!

As a reminder:

If the S&P 500 declines 7%, (208 points), trading will pause for 15 min

If declines 13%, (386 pts) trading will again pause for 15 mins

If falls 20%, (594 pts) the markets would close for the day.