The major averages all slid more than 3% on Monday as the number of reported coronavirus cases outside of China rose.

If history is any indication stocks may be set for a relief rally on Tuesday.

According to Bespoke Investment Group, since March 2009 the S&P 500 has fallen more than 2% during a Monday session 18 other times, and that in 15 of the prior instances the index rose the following day, for an average gain of 1.02%.