Macro Outlook - 1 June 2026
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 Up (20D trough). Gold SmallUp (->20D peak). Oil SmallUp (->20D peak). Copper SmallUp (->40D peak). USDJPY Up (-> 40D peak). EURUSD SmallUp (->40D peak). SPX E-minis Up (->80D peak). Nikkei futures Up ((->80D peak). Bitcoin SmallDown (20W trough). Ten Year Notes Down (->20W trough).