|Day's Range||28,728.19 - 28,944.24|
|52 Week Range||24,680.57 - 29,373.62|
Headlines moving the stock market in real time.
Sarao's attorneys at Dechert LLP said https://www.dechert.com/content/dechert/en/knowledge/news/2020/1/dechert-represents-london-based-trader-navinder-singh-sarao.html their client initially faced the possibility of more than 100 years of jail time for his role in the May 6, 2010, crash when the Dow Jones industrial average briefly plunged over a 1,000 points, temporarily wiping out nearly $1 trillion in market value. Sarao pleaded guilty in 2016 https://www.cnbc.com/2016/11/10/flash-crash-trader-pleads-guilty-to-spoofing-wire-fraud.html to wire fraud and “spoofing” for placing orders intended to affect prices — rather than trade — in the S&P 500 E-mini futures market. U.S. District Court Judge Virginia Kendall on Tuesday sentenced Sarao to time served, his lawyers said.
Based on the early price action, the direction of the March E-mini Dow Jones Industrial Average the rest of the session on Tuesday is likely to be determined by trader reaction to the 50% level at 28723.
Based on the early price action and the current price at 28723, the direction of the March E-mini Dow Jones Industrial Average futures contract on Monday is likely to be determined by trader reaction to the uptrending Gann Angle at 28449 and the 50% level at 28538.