A Daily Swing Trade

- Dow holds at highs of recent advance, forms framework for continuation pattern. The index gained just 8 points for the day and looks to be forming the framework for a continuation pattern at the highs. This consolidation range could lead us to our next key move.

- The NASDAQ and S&P each reached new highs today, followed by late-day pull-backs. Each pull-back sparked the formation of a potential consolidation at the highs, which we will watch closely tomorrow.

Summary

The Dow closed the day in much the same way we thought it would, which is quietly and in a 'holding' pattern. Look for the index to continue to build out at the highs before the next key move.