Macro Outlook - 26 May 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).