A Daily Swing Trade

- Dow trades sideways throughout session, winds up within sloppy pattern. The index continues to trade within the boundaries of a fairly sloppy pattern as it continues to wind up for the next key move.

- The NASDAQ and S&P each sold off from the day's highs today, but continue to hold within the boundaries of the prior three day range. Look for continued range movement before the next key breakout is seen.

Summary

The Dow ended the day quietly today after moving lower from the day's highs. The index continues to hold beneath the 11,600 level and could be forming a bearish pattern at the highs, which could cause a test of the key lower trend line at 11,450. Watch 11,525 for direction tomorrow.