As we have seen in recent days with the volatility of the broad market creeping higher, as of yesterdays close we have a phase 4 high volatility down trend with fears of a pandemic corona virus outbreak spread the virus in reaction to the potential economic impacts of the spreading coronavirus outbreak which has now reached 22 countries with 80,289 confirmed cases world wide. This may make a very challenging trading environment. Even the most astue traders will want to be extra cautious as wild swings and whipsaws may be in the norm for the time being. Trade smart.
