Futures made a valiant effort to recover yesterday’s losses, even climbing back above the 10-day moving average by the close after coming within a few points of our 3336.50 target.
But, the selloff continued overnight, with ES shedding about 30 points from the close before beginning the obligatory recovery as the open approaches, egged on by soothing comments from CNBC’s guest host James Bullard, who has a distinguished history of appearing whenever TSHTF. 
From all appearances, even the machines are starting to take seriously the potential for the coronavirus to evolve into a global pandemic.
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