Swing area and 38.2% retracement stall the fall
The NASDAQ index moved down to a low price of 14181.69. That was within a swing area between 14178.66 and 14241.74. The 38.2% retracement of the move up from the 2021 is near that area at 14219.29 as well.
The current price is trading at 14255.91 above those support target levels (see red numbered circles). Traders will use it as support until broken. The major resistance level on the topside is the 100 day moving average at 14507.90. It will take a move above above that moving average to tilt the bias back to the upside.
Conversely on a break below the low of the swing area at 14178.66, the 200 day moving average would be the next key target at 13968.08. The price of the NASDAQ index has not closed below its 200 day moving average since April 2020. That's a long time ago, but the moving averages certainly in play.
The correction from the high to the low has now taken the price down -7.93%. The biggest correction occurred back in Feb/Mar when the index fell -12.54% before bouncing higher.