The stock market is starting to breakdown and on the verge of a crash if the market continues to decline. The global liquidity situation is starting to freeze up due to the sanction imposed against Russia.
If the sanction is not lifted the global financial system will freeze up and the financial market will collapse as companies collapses.
Key level totch on NQ is its February 24th swing low at around 13,054 (line-in-the-sand). NQ has been down over 200 points in overnight trading session.