A Daily Swing Trade

- Dow continues range movement within consolidation, breakout approaching. The index closed the day with a mild 5 point loss, but continues to maintain its stance above 11,300, which could bode well for an eventual upside break.

- The NASDAQ and S&P each traded relatively quietly within the boundaries of their respective consolidations today. Look for continued build-up before a breakout is seen.

Summary

The Dow closed another day within the boundaries of the very tight consolidation range that continues to form at the highs. Look for continued range movement ahead of the breakout. A breakout from this range could give us our next 200 point move.