A Daily Swing Trade

- Dow breaks triangle to upside, rallies for triple-digit gain. Continued overall strength out of this pattern is likely, but we could see an interim continuation pattern form beforehand.

- The NASDAQ and S&Peach got huge breakouts from their respective ranges, which led to big strength to the Close. Look for signs of a continuation tomorrow.

Summary

The Dow ended the day sharply higher after breaking through the top of a key triangle range today. The index rallied for a triple-digit gain and is now at four month highs. Look for a continuation pattern to form to indicate that continued overall strength is likely.