A Daily Swing Trade

- Dow rallies up to key resistance, but slides to the Close. The index closed the day with a solid 68 point gain, but continues to hold beneath key resistance, which could be a precursor to selling ahead.

- The NASDAQ and S&P each traded lower off key resistance today, which could forecast more weakness ahead. Watch this fulcrum closely tomorrow.

Summary

The Dow ended the day with a clear reaction away from the 12,300 level today, which indicates this resistance level could give us more problems. If the Dow cannot rise above this zone, we could see another wave lower within the clear trading range..