A Daily Swing Trade

- Dow breaks 12,250, drops steadily to the Close. The index also broke a major lower trend line in the process, which could further indicate bigger selling ahead.

- The NASDAQ and S&P each sold off heavily from recent highs and are now holding near lows not seen in two weeks. Look for the indexes to build out a potential continuation pattern before another big move occurs.

Summary

The Dow ended the day at the lows of the session after breaking through 12,250 in sound fashion. The index will likely build out a continuation pattern below 12,200 before another key move is seen.