Macro Outlook - 21 July 2025

Macro Outlook Jul 21, 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.

We will hold off on S&P500 E-minis (ES). We need a little more price action to evaluate the 80 day cycle peak zone test we have been looking at last week.

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.