Friday Guideline

On the 5-minute chart, Thursday's high was likely wave 5 of 3. If so, I would be looking for a choppy ABC wave 4 decline in the morning on Friday before commencing wave 5 up.

Thursday's end of day decline could be wave A of an ABC decline (wave 4). If so, wave 4 usually retraces .382 to .50 of the range of wave 3, but it could be less.

.382 = 2314.50
.50 = 2308.25

As long as any decline is less than .50, I would be looking for wave 5 which should terminate at a higher high above wave 3 high. However, a breach of the 50% retracement of wave 3 would imply that any move back up should terminate at a lower high.