More upside Next week here is your Market outlook

[Debbiesr]

The reality of the situation is that the markets are acting normal. It's the tremendous microscope that is hanging over the markets these days that has seemed to bring back a lot of the fear and when we look to read the fear we turn to the $vix. I spotted a interesting level that lines up with each recent pullback in the market. It is not foll proof but it adds to the opinion that I think we move a bit higher before we see if this recent run is a bearish channel bounce (I am staying away from saying bear market bounce cause that is not the case yet and especially after the last 2 days.

[Delbertcot]

Look at those candles above ..Its hard to not expect some follow through

Bad news of course will derail the train fast so the risks are out there but I feel it would have to be more then a debt ceiling debate.

Going into next week I am extremely bullish in $GIS and $PG also there are very strong charts in ACT and DLB there and a full list of HPS Stocks can be found here for members Video Here Market Video watch List and the HPS (High Probability setup ) site here http://hps.daytradingradio.com/

[debxbem]

I agree there should be some follow through but I've also seen bull traps line up like this before. We start off initially higher with a fast turn around. In any event should prove to be a traders dream which ever way this breaks.