Macro Outlook - 21 September 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 (->40D peak). Gold (80D trough?). Oil Down (-> 40D trough). Copper Up (->20D peak). USDJPY Up (->20D peak). EURUSD Down (-> 80D trough). SPX E-minis Up (->20D peak). Nikkei futures Up (->20D peak). Bitcoin Up (->20D peak).