A Daily Swing Trade

- Dow breaks through upper trend line, rallies sharply for 331 points. Given today's strength, we could see a continuation pattern form at highs before another try at 13,400 is seen.

- The NASDAQ and S&P each rallied through clear upper trend lines today, paving the way for big strength throughout the day. Look for each index to build out at highs ahead of another round of buying.

Summary

The Dow ended the day near the highs of the session after breaking through the clear upper trend line at 13,000. The index looks poised to push even higher moving forward, but we may see a consolidation pattern build out first. Look for continued strength above 13,000 ahead, unless 13,400 cannot be crossed.