Macro Outlook - 21 April 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 (20D trough). Gold Up (->40D peak). Oil Down (->40D trough). Copper Up (->80D peak). USDJPY Up (80D trough). EURUSD Up (->40D peak). SPX E-minis Up (->40D peak). Nikkei Up (->40D peak). Bitcoin Up (80D trough). Ten Year Notes Up (->40D peak).