A Daily Swing Trade

- Dow trends higher throughout session, but swings wildly into the Close.

From prior commentary, "...We could see the index push slowly higher back toward 13,700, but we should continue to see weakness beneath anything below 13,800..."

The Dow trended slowly and steadily higher toward the 13,700 zone today, coming within nine points of hitting this level, as seen in the 15 Minute Chart. The index immediately sold off from this zone, dropping about 200 points before rallying into the Close with an eventual 154 point gain.