Hello fellow traders and investors, the Nasdaq has sold off it's 15 500$ area where there is a very strong support. The Nasdaq has been trading lower for many different reasons including the Fed's recent report announcing a faster end to its pandemic-era stimulus, the end of bond purchases in March, three interest hikes set to happen in 2022 and various other reasons. Investor sentiment at the moment ranges from fearful to neutral within the past month. I believe the recent announcement was needed to sustain longer term growth that is not uniquely propelled on stimulus. The Fed is currently forecasting 2.6% inflation for 2022 which would be a large decrease from 2021 which hit 7%. I believe the market is currently overly pessimistic because of some of the Fed's announcements however they have taken measures that will help long term growth. The Nasdaq is currently oversold and could potentially see a reversal of the very strong support that has been validated many times off the up trending trendline.