Hurst Cycles Notes
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Macro Outlook - 5 May 2026

Macro Outlook May 5, 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 (10D trough). Gold Up (40D trough). Oil Down (->20D trough). Copper Up (80D trough). USDJPY Up (80D trough). EURUSD Up (->80D trough). SPX E-minis Up (40D trough). Nikkei futures Up (80D trough). Bitcoin Up (->40D peak). Ten Year Notes Up (40D 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.

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