By FXEmpire.com
The Dow Jones had a slightly negative session during the Monday trading day as the grind just above the 13,100 level continues. With a lack of significant headlines to move the markets, the traders around the world simply decided to take a bit of a break during Monday.
A lot of the focus this week will be around all things Europe as usual, and as such until we get some type of news out of that region markets will more than likely be somewhat subdued. It is also the height of the vacation season for traders, and as such the markets will more than likely remain within the next couple of weeks.
However, we have an obvious resistance point at the 13,300 level, and as such if we can manage to get a daily close above that we will serve buying US stocks on the Dow Jones 30. As for the downside, we see that if 13,000 gives way, we could see a move down to 12,800 or even 12,600 before it’s all said and done. In the meantime, were fairly ambivalent when it comes to the Dow.
Click here a current Dow Jones Chart.
Originally posted here
