A Daily Swing Trade

- Dow continues holding within clear consolidation range, holds at resistance. The index eventually closed the day with a mild 2 point gain, but continues to wind up for the much bigger breakout move.

- The NASDAQ and S&P each began the day strong, but immediately pulled back from highs. Look for a more solid breakout with follow-through tomorrow.

Summary

The Dow continues to wind up within the large consolidation pattern, which we will continue to watch closely. Look for more range movement until this pattern is solidly broken.