A Daily Swing Trade

- Dow remains within clear consolidation range, watch the boundaries tomorrow. The index sold off late in the day, but halted its decline right at the lower boundary of the clear consolidation that continues to form at the highs. Watch this range for big movement ahead.

- The NASDAQ and S&P each got big downside breaks from their respective consolidations, which is quite bearish. If the indexes hold beneath near-term support, more selling could be ahead.

Summary

The Dow continues to wind up within the clear consolidation range. Look for more range movement ahead of the big breakout. A breakout should finally yield big movement.