As for Friday, we definitely could get a rally if the jobs number isnt half way bad. We are set up for it after we held the 680 level somewhat and are rallying after hours up to 688. Also the Euro is getting a boost overnight as I type and that should help the SPX as they tightly correlated lately.
Friday's pivot on the ES is 687.50. I would not be surprised to see this thing rally into the weekend if it opens above that pivot. We have that gap from Thursday up to 712 that could act as a magnet and be filled if we get any momo. Below the pivot and I think you gotta be only expecting more pain into the weekend. We'll see what happens but I think odds are decent we bounce.