A balance breakdown on Friday is a first sign of distribution. The monthly pivot reaction to watch. This is the area where we may see attempts of each side either continue downside or reverse back to retest the broken balance. Regardless of that plenty of good opportunities ahead!
The daily breakdown bar has created a lot of talks among the traders and media. This is normal... The next red daily bar would create even more. The market maker is in the business to create the fear environment with the ultimate goal to buy back at discount. It works that way since the day one of the Wall Street. :) Even if the market enters a bear market violent rallies to upside are expected. Those are good opportunities for day traders.