A Daily Swing Trade

Market is in the up trending channel, in which it has been for many weeks now. More than likely it will continue in this channel. 200MA is moving sideways, while shorter term MAs are trending up. Resistance level of NDX is at 1700, but some profit taking and consolidation may very well occur before resistance is taken out. If the up channel is broken to the downward, first line of support will be 1626 - 200MA...