Still cant believe we have almost given up almost 50% of the gains in 2019,

all within a week. This is an understatement to how swift and viscous the recent market capitulation is. If anyone is telling you that COV19 is 'just another flu' think again. The Market is absolutely petrified by this novel corona virus.

At this rate of decline, we could see the lows of 2019 quicker than you can blink

( not at all plausible given the odds of a pandemic is not terribly unimaginable.

we dont want to see sudden outbreaks in more countries.

 S.korea, Japan, Italy, Iran saw big sudden increases in  just a couple of days )

This is not just a sell-off. It was a capitulation.

We have officially entered into bear market territory. 

Talks of a recession will begin to surface, and rightly so.

We broke below the 200 day moving average yesterday. ( small reaction )

The pattern of breaking important higher time frame support nodes continued as well.

This market is WEAK .

We might retest the 200MA, but I dont see us trading back above it base off what I am seeing at the moment. If we continue to stay below the 200ma, with continued downside momentum - I fear that recession will hit.

This could very well mark the end of the 10 year economic expansion 

Technicals suggests that. ( beginnings )

You might want to take on defensive positions.

There are also implications on how bad the COV19 situation can become.

The market certainly thinks so.

P.S. If we dont see price trade above 200ma, odds of a recession increases by the day.