NASDAQ is trading at level multiple confluence, so pullback or at least consolidation can be expected. A short biased position can be established with option spread, but not with stocks because there is still no reversal pattern and no signs of change in direction. However the tech stock are extended, MSFT is at resistance, AAPL is still can move little bit higher up to 168-170 level before it could start struggling. However despite being extended, the NASDAQ and the tech stocks are still acting healthy.