Macro Outlook - 13 July 2026

Macro Outlook Jul 13, 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 SmallDown (->80D trough). Gold Down (->20D trough). Oil Up (->20D peak). Copper Up (-> 80D peak). USDJPY SmallDown (->80D trough). EURUSD Down (-> 20D trough). SPX E-minis Up (-> 80D peak). Nikkei futures Up (20D trough). Bitcoin Up (-> 20D peak). US Treasury Notes Up (20D 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.