A Daily Swing Trade

- Dow trades mostly sideways throughout the session, holds at critical support. The index eventually closed the day with a 64 point loss and is now holding at critical support at 12,050.

- The NASDAQ and S&P each traded back and forth throughout the session today, followed by heavy selling to the Close. Look to support for the next key move tomorrow.

Summary

The Dow closed the day with a loss after reversing sharply from the day's highs under 12,200. The index is now sitting on critical support at 12,050, which is the major line in the sand to watch for key directional movement.