S&P500 E-minis - 1 May 2025

Macro Outlook May 1, 2025

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.

There was a moment in yesterday's US session where it looked like ES had started to break down and that the 40 day cycle peak was in place. However, we had a sharp intraday reversal and price has pushed out again.

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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Christopher Grafton CMT

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