S&P 500 futures update - 1 November 2024
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.
S&P 500 Futures - 80 day cycle upswing over, heading lower to 80 day cycle trough.
The call in Monday's macro outlook needs revision. The 80 day cycle has peaked and we are projecting down to around 5,600 - 5,650 for the next 80 day cycle trough from next week onwards, centering around 11 November.
There is a lesson in this, mainly for me, but its worth noting:
