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.

And 'up' is the least likely.

Okay, after coming back in it is now, indeed, popping up.

Make it look strong, draw it right back in, then pop it. What would be nice as cash close approaches is to drop it back in now. I don't think it will, but that would really mess 'em up.

And they did it! They brought it back in. They are so good at this, and so evil. Got to love seeing the strategy, though, as it unfolds.

See how they did that? They made it look like it was about to pop, then they brought it back in a bit, then popped it hard, then smacked it was back down even more. Everyone got hammered, expect those that understand this game.

And, again, the last two hours, from an intraday 'daytrading' perspective, were chop. Some surprise, that.

Junk is perhaps my biggest concern to start the big sell, as outlined quite nicely here by Stockman. I think Stockman is usually on top of things, but Armstrong thinks he a complete joke, so who knows what is really 'correct'. Regardless, this article does a good job, I feel, showing the distortion that all this Fed insanity has put into the market. As we all know, the concept of 'price discovery' has long since died, and I'm of the opinion that the main function of the market is not to be a mechanism to bring capital to those in need, but to provide a mechanism for price discovery. I think the former is a distant second, way behind the latter. And if that is correct, and the Fed has utterly destroyed all price discovery in all markets, then wow, imagine how this will end.

http://davidstockmanscontracorner.com/16819/

Funny (also in a sick sort of way...), but so true.

http://www.zerohedge.com/news/2014-08-05/forget-cynk-heres-newest-scam-pump-and-dumpers

21-23 will be key. Okay, back to bed.

ES looks as if needs one more push to 1900

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.