A Daily Swing Trade

- Dow sells off heavily to begin session, but gets key reversal to rally to the Close. The index dropped back to the 11,480 zone, but got a highly bullish v-bottom reversal that sent the index back to 11,550, essentially ending the day with a 14 point loss.

- The NASDAQ and S&P each reversed sharply from early lows, but continue to look vulnerable to potential selling ahead. Continue to watch near-term support for broader direction.

Summary

The Dow ended the day with a nice reversal from lows, but continues to be vulnerable to a potential downside break through the major lower trend line. Continue to watch 11,470 for major selling pressure; while keeping an eye on 11,600 for another shot at new highs.