A Daily Swing Trade

- Dow remains within key consolidation range, continues to build toward breakout. The index closed the day with a very volatile sell-off and recovery, and eventually ended with a 15 point loss.

- The NASDAQ and S&P each pulled back from early highs to further define the large consolidation ranges. Look for further range movement until a solid breakout is seen.

Summary

The Dow continues to trade strictly within the boundaries of the clear consolidation, which we will continue to watch closely. A breakout from this range will finally spark key movement in the next day or two.