Unless we break 1360 in S&P, I would not be too worried. In this current bull market from 2002, SP has found support at 65 WMA, which is currently at 1400. We could finally enter a range-bound period. I think the bottom will be between 1360-1400, but not sure where or when. As we approach 1400, I'll be looking for opportunities to go long.
Going into a holiday weekend has positive seasonality. Today worked off some of the overbought sentiment from last week. By the close the indices were working their way into deeply oversold territory (short term). I'm looking for a sizable bounce tomorrow.