A Daily Swing Trade

- Dow bounces from lows, winds up within clear consolidation range. The index continues to wind up within a large consolidation range that spans from 12,250 to 12,360, which we'll want to watch for the next big breakout move.

- The NASDAQ and S&P each sold off heavily through the first part of the session, but rallied off lows with conviction, which bodes well for a potential upside break tomorrow.

Summary

The Dow closed the day well off the session's lows after bouncing off key near-term support at 12,250. Look for continued range movement within the consolidation range until a solid breakout is seen.