Nasdaq 100 was rejected at the upper falling trendline and have failed to close above the Cloud (Shaded area)
Closed Friday just a few cents above the Gap area, if Nasdaq is closing below 14,849 expect further selling down to support at around 14,254 possibly lower.
RSI was rejected at the 60 threshold i.e., still in negative sentiment indicating the Nasdaq Index is likely to trade lower in coming days and week. If RSI is closing back below 40 selling pressure could increase pushing Nasdaq 100 below 14K
For Nasdaq 100 to establish a bullish trend a close above 15,334 is needed.