A Daily Swing Trade

- Dow trades sideways throughout session, builds out clear range. The index closed the day with a 5 point gain, but is clearly gearing up for a big breakout from this consolidation pattern.

- The NASDAQ led the market lower to begin the day, but eventually rebounded to the Close. The S&P continues to build out a clear range that will surely factor into direction.

Summary

The Dow continues to build out within the boundaries of the clear rectangle consolidation, which could spark the next big move. Watch 12,620 and 12,685 for early direction.