Nasdaq underperforms, will it rebound?

NAS100 closed lower Monday as traders looked ahead to tech earnings reports from mega-cap technology and coming up U.S. economic data, including the first-quarter U.S. GDP preview, personal consumption expenditure index (PCE) for March, and April's consumer confidence are among the data scheduled for release this week.

However, the MACD is running at the bottom; it seems ready to rebound. Suppose the NAS100 breaks and holds above the 13,000 mark may trigger the soar NAS100.