A Daily Swing Trade

- Dow reverses sharply from early lows, winds up beneath major resistance. The index continues to honor major resistance, but continues to wind up for a potentially huge breakout move.

- The NASDAQ and S&P traded fairly quietly after rallying strongly early in the day. Each index continues to build out ahead of the next major move.

Summary

The Dow closed the day beneath major resistance and is winding up within a tight pattern that has formed within the larger trading range. The Dow is clearly winding up for the next key move; so watch these patterns closely.