Hurst Cycles Notes
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Macro Outlook - 1 December 2025

Macro Outlook Dec 1, 2025

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

US Dollar SmallDown (->20D trough). Gold Up (80D trough). Oil SmallUp (80D trough). Copper Up (->40D peak). USDJPY Up (80D trough). EURUSD SmallUp (->40D peak). SPX E-minis Up (->20D peak). Nikkei Up (->40D peak). 10 Year notes Down (-> 80D trough).

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.

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