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Coronavirus Affected Market Gets a Small Bounce on Friday. What to Expect Next

During this past week global markets have experienced the worst drop since the 2008 financial crises. All indices (S&P500, Nasdaq 100, Dow Jones and Russell 2000) lost almost 20% in just seven days. On Friday market got a bounce and it's attempting a bit of a reversal.

Markets have reacted to the lack of information around this new deadly virus and the fear of a global slowdown as a result of the outbreak.

There's a big chance that things will get worst before they can get better. From a market point of view, what should we expect moving forward?

Watch this video to get the technical insights.

Good trading!

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