It seems as the market grew tired of rallying as the NDX 100 closed 0.14% negative. CNBC mentions: “There’s not a lot of news out to drive the markets higher or lower—we have the Fed meeting next week and have seen a big run up in the last few days so it’s not surprising to see a bit of a pause here,” said Joe Bell, senior equities analyst with Schaeffer’s Investment Research. We prefer short on spikes as we think the market is severely overvalued.
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