On the daily chart, we can see that the Nasdaq Composite was diverging with the MACD while approaching the key 14649 resistance and this is generally a sign of weakening momentum often followed by pullbacks or reversals. In this case, we are still in the pullback scenario as the price is now at a key trendline where we should expect the buyers stepping in and target the 14649 resistance. If the price breaks lower, we might be in front of a reversal and the sellers are likely to pile in aggressively to extend the selloff into the 13174 support.