A Daily Swing Trade

- Dow rallies to key resistance at 11,250, watch for action at this level. The index closed the day challenging the key 11,250 resistance level and gained 43 points in the process. Watch key resistance for the next major move.

- The NASDAQ and S&P each pushed solidly higher from lows and are now testing key resistance. Watch resistance for a potentially big move tomorrow.

Summary

The Dow closed the day near the highs of the session after rallying from lows and is now testing key resistance at 11,250. If the index can break through 11,300 we will see big strength ahead. Otherwise, watch the lower trend line at 11,175 for early signs of weakness.