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Stock Market Is Technically Well Into 2ND Leg Down With 4AM Thursday European Open Free Fall

The stock market as measured by the S&P 500 Futures and the Dow30 Industrials Futures has started its second leg down since its reversal on May 1ST. This can be readily evidence by an examination of the /ES and the /YM futures.

/YM 5-WEEK 1 HOUR OHLC WITH MONTHLY ECHOVECTOR

/YM 8-MONTH DAILY OHLC WITH BI-QUARTERLY ECHOVECTOR