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- 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.