My belief is that NASDAQ100 is in a tight spiral of bouncing of the 200ma which indicates slight more upside but I believe it will test again the support level of 14500 approximately. So there is a short term upside in my opinion and MACD does not indicate cheap but not overbought either as NASDAQ mostly trades in the low 60's and currently is sitting 55.
@HAMED_AZ, Stock picking is the way to go but in my opinion we need to see the general direction of the indexes. As I mentioned i would just enter for a short term trade at this point