Aussie and Cable may need one more push to the downside.
It seems that like ES, FX didn't drop to key area on Friday.

This nonsense is comical to watch. 'They' knew it was right at the point where it could be crushed, so they simply put a floor under it. End of story. No supply and demand balances (or imbalances) or anything of the sort in my opinion, simply the point of no return, as we have seen so many times before, and 'they' come in. It may end up going down, as it many times does, but for whatever reasons 'they' just don't want it to happen now.

Still hanging with the short side bias.

Notice how, almost precisely at the two hours left mark, it went into chop mode.

C'mon, I'm tired and bored, just 'Die, pig, die'.

looks strong in here

Like I said, they put a rock solid floor under it. For now.

I know this sounds arrogant, and for that I apologize, but people are just so frickin' stupid. No wonder we are in this mess. If I were a sociopath and could be a bankster or politician, likely the plan I would have come up with would be the exact one they are unfolding on us as we speak...

http://www.zerohedge.com/news/2014-08-06/inflation-watch-incredible-shrinking-coke-can

Focus on the chart.

http://www.zerohedge.com/news/2014-08-06/next-time-obama-boasts-about-recovery-show-him-chart

Especially look at the items numbered 1-12. Interesting, huh? Time for mom and pop to jump back in. The market is sooooooooo undervalued (they just said so on TV).

http://www.zerohedge.com/news/2014-08-06/decline-real-deal

Longer read, but if you are looking for something to do, it points out many things which I am sure are coming (many/most are already in motion).

http://www.zerohedge.com/news/2014-08-06/capital-controls-confiscation-most-important-strategy-investors-ignore

Wow, it's already selling hard off the area. I am really loving this, but a bit surprised they'd go into the futures close that way. Awesome.