Looking at NAS on the daily, price is approaching a trend line
that has been well respected over the past year, along with RSI
reaching towards the oversold territory, and the MACD
already deep under; from a technical perspective, 12950/13000 could be a great price to enter a long position for a medium term trade. However, the key fundamental factor driving NAS lower recently ( inflation
fears - and rightfully too) should certainly be a cause for concern and could continue to push NAS lower to some key areas (12700 / 12200 / 11000 - maybe a little exaggeration here).