A Daily Swing Trade

- Dow reverses sharply from yesterday's highs, drops steadily throughout the day. The index eventually sold off from the session's highs and ended the day within a large triangle range, as it awaits a potential breakout move.

- The NASDAQ and S&P each traded back and forth throughout the day, with the NASDAQ hold key lows to the Close. Watch the tech-heavy index closely, as a breakout from the current consolidation range could offer nice direction.

Summary

The Dow ended the day with a mild 4 point gain, but is clearly winding up within a very large triangle pattern. A breakout from this pattern could spark a move about the size of 190 points, which could offer a move of the same magnitude.