Don't be emotional—be opportunistic. At least, that's the advice two traders give when it comes to the Nasdaq.
The tech-heavy composite fell 2.4 percent on Wednesday, its worst daily performance in nearly a year. But a glance at the charts tells Rich Ross of Evercore ISI that panicking now is simply not the smart strategy.
"I think today's pullback is simply a necessary pause within the context of an ongoing trend here," Ross said Wednesday on CNBC. "We see a lot of fear, but let's not get emotional out there. Today, with 96 out of 100 members of the Nasdaq 100 down, that tells me the selling has become indiscriminate."
With investors selling so aggressively, the action is "so bad it's good," Ross added.