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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.59

+0.6%

Dec 19 4:00 PM EST

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To: Saulamanca who wrote (73865)	4/3/2001 12:04:49 PM
From: fut_trade	Read Replies (1) of 99985

How do the price limits work for the e-mini ES? Yesterday's settlement price was 1150.25 and the price limit is 27.00. However, the ES was halted at 1123.50 which is a difference of 26.75 points - not 27.00 points. I know that the large SP contract determines when the e-mini is halted, but I don't understand why it was halted at 26.75 points?

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