A Daily Swing Trade

- Dow continues holding at highs, resumes development of consolidation. The index closed the day at the top of the pattern with a 7 point gain, and looks close to breaking out.

- The NASDAQ continues to wind up within a large triangle pattern, while the S&P continues to push higher. Look for continued overall strength, unless support is violated.

Summary

The Dow continues to trade within the boundaries of a clear consolidation that should spark the next key move. Watch the boundaries of this pattern for big movement..