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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!


Trading Risk Disclaimer

All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.

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