A Daily Swing Trade

- Dow pulls back from lows, trades sideways throughout session. The index eventually closed with a 52 point gain and is now winding up within a tight consolidation that has formed at the lows of the major sell-off. Look for a breakout from this range for the next key move..

- The NASDAQ and S&P each traded sideways throughout the session and look to be gearing up for the next directional move. Watch for a breakout from their respective ranges tomorrow.

Summary

The Dow closed the day with a modest gain after yesterday's huge decline, but continues to wind up within a tight pattern that could offer another big move. Look for continued range movement until a solid breakout is seen.