The market could be down another 3% this time next week. Or it could snap back - emotional over-reaction - and recover most of this loss in the next week or three (sentiment on Wall St suddenly changes to eg: this means the Fed will have to step in and cut rates further, so stocks rise back up; it's just about impossible to tell how the wind will blow in the coming weeks, even if there is a hint of real bearishness about re the trade war & China).