I think the ASX 200 will finish in the green Monday. (This is providing there are no new disasters announced) : My reasoning On Friday with the knowledge of the US full overnight trading session. the ASX200 fell ~170 points of 4%
Then on Friday night the FTSE fell heavily at the opening. But this was only playing "catch up" from the previous night (Thurs)when the FTSE closed before the US market had finished the carnage. After this initial fall it closed at around the same level That is, after "catching up" from the night before, it did not fall any further.
The US market Friday session was then steady/to up at the close. Dow up ~ 61............... S&P500 virtually steady
So I'm expecting an up day for ASX200 on Monday.( a relief rally?)
Very cautious however and not the time to trade large positions.
