A Daily Swing Trade

- Dow reverses from early highs, drops hard to the Close. The index formed yet another lower high beneath the key 11,300 level, which added to the bearishness this afternoon and the ultimate 97 point drop in the index..

- The NASDAQ and S&P each sold off steadily this afternoon and are headed to support. Watch support for additional selling pressure.

Summary

The Dow closed the day at the lows of the session and is now breaking through key support at 11,085, which is highly bearish. Look for a continuation pattern to form that will push the index even lower. Continued overall weakness should be seen beneath 11,150.