When you see that many events occur all in one day like on Friday the results of the day are highly questionable and the only thing that makes sense to me is to stand aside and let it settle out after a day or so of regular trading completes. No sense 2nd guessing everything that occurred Friday. By mid week the breakouts will hold or fail. Next Thursday Mario Draghi is giving his big speech that the world is waiting for. That will affect the Euro which will affect the U.S.$ which dramatically affects inverse markets. Then Friday is the employment report that traders tend to trade heavily on if good OR bad. And on the 12th and 13th the FOMC meeting occurs and whatever comes out of that which traders will also trade on. So buckle up and keep your head down and helmet on as the sh-- will be hitting the fan all over the place in the next little while. Which way? Answer:Both ways.
Here is a link that is worth watching and is entertaining.