A Daily Swing Trade

- Dow rallies at Open, consolidates to the Close. After rallying 80 points to begin the day, the Dow traded quietly sideways the rest of the session to eventually close with a 23 point gain.

- The NASDAQ and S&P each rallied early in the day, followed by sluggish range movement the rest of the session. Each index is on the brink of a potential breakout. Watch their respective ranges for signs of a clear breakout soon.

Summary

The Dow ended the day within the boundaries of a tight consolidation after rallying early in the session. The index is now winding up within the boundaries of clear triangle that could prove to move the market soon. Look for more range movement within the boundaries of the triangle before a possible breakout is seen.