Macro Outlook - 23 March 2026

Macro Outlook Mar 23, 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 SmallUp (->20D peak). Gold down (->40D trough). Oil Up (->40D peak). Copper Down (->40D trough). USDJPY Down (->20D trough). EURUSD Down (->20D trough). SPX E-minis SmallDown (-> 80D trough). Nikkei SmallDown (-> 80D trough). Ten Year Notes SmallDown (-> 80D 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.