A Daily Swing Trade

- Dow breaks free from 11,425, rallies big for the session.
- NASDAQ lagged the broader market today, but tagged along for the rally due to the strength in the Dow. The S&P pushed to new highs after breaking key resistance. Look for continuation patterns to form to indicate continued strength.

Summary

The Dow broke away from major resistance via an upside break from the tight consolidation, which led to a huge triple-digit rally. The index is getting a solid break through major resistance and is fast approaching all-time highs. Look for a continuation pattern to form at the highs to indicate that continued overall strength is likely.