If this ends red with just the small amount it is currently... i.e. $4.55 - $4.70 range, it is highly unlikely it will move lower simply because the daily pattern is 'perfect' with a red day in it to cool the RSI some.
Berkowitz pretty much demanded re-listing on the NYSE for both GSEs on Friday (via letters he sent to both fannie and freddie) so, something to consider since these companies will jump to $18+ according to Berkowitz / Ackman as long as they are not wholly demolished by the government.
So effectively, once a PEEP comes out of the government, or, FHFA, or either company that they will persist and in some way a 'compromise' is being worked on with share holders, I would expect an immediate multi-dollar leap.
Be safe, and be ready for anything.
-Z