Macro Outlook - 26 May 2026

Macro Outlook May 26, 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 (20D trough). Gold Down (->20D trough). Oil Up (20D trough). Copper Down (40D peak). USDJPY Up (-> 40D peak). EURUSD Down (->80D trough). SPX E-minis Up (40D trough). Nikkei futures Up (20D trough). Bitcoin Up (80D trough). Ten Year Notes Down (->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.