A Daily Swing Trade

- Dow tests key resistance, but is turned away. The index dropped precisely to the key 12,400 support level, where the index found its footing, but still ended the day lower by 43 points.

- The NASDAQ and S&P each pulled back sharply from the day's highs, but all maintained their stance at key support. Watch support closely tomorrow, as this is the key 'line in the sand'.

Summary

The Dow ended the day within the boundaries of the clear trading range that continues to build out from 12,400 to 12,500. Watch this range for further range movement until a solid breakout is seen.