A Daily Swing Trade

- Dow reverses from yesterday's lows, rallies strong into the Close. The Index rallied early in the day, formed a higher low and then rallied strong the rest of the day, eventually closing the session with a solid 247 point gain.

- The NASDAQ and S&P each rallied from yesterday's lows and closed the day at session highs. Each index looks poised for another test at the major upper trend line, which we will watch closely tomorrow.

Summary

The Dow closed the day with a very nice rally into the Close, as the index covered 170 points in the final 2 hours of the day. The index is now winding up within a potentially explosive triangle that we will continue to watch tomorrow.