NASDAQ 100 Forecast: Index Rolls Over Again

  • The NASDAQ 100 fell a bit Monday to test the 12,250 level, an area that previously had been massive resistance.
  • A bit of “market memory” could come into the picture and cause a bit of noise.
  • The market has recently shot straight in the air, but as we are getting close to the Federal Reserve meeting, it does make sense that we would see traders exercise a bit of caution.
  • This is a market that I think traders are very cautious with, so getting flat makes quite a bit of sense.

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