A Daily Swing Trade

- Dow continues holding at highs, resumes development of consolidation. The index ended the day with a mild 11 point gain, but a breakout from this consolidation could spark bigger movement.

- The NASDAQ continues to wind up within the boundaries of a large triangle pattern, while the S&P remains within a very tight consolidation. A breakout from either of these patterns will spark nice movement tomorrow.

Summary

The Dow continues to hold at the overall highs within the boundaries of a tight consolidation. Look for continued range movement ahead of the next key breakout move from this range.