A Daily Swing Trade

- Dow continues pursuit of all-time highs, remains within consolidation. The index also failed to Close above the all-time closing highs, as a late-day reversal stopped that feat, seen in the 15 Minute Chart. The index eventually closed the day with a moderate loss, but continues to gear up within the boundaries of a clear consolidation, which we will continue to watch.

- The NASDAQ and S&P continue to hold within their respective ranges, which could make for big movement once a breakout occurs.

Summary

The Dow closed the day with a loss after attempting to break the all-time highs record yet again. Look for a breakout from the current three-day consolidation for movement Monday.