S&P500 E-Minis update - 16 January 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.
S&P 500 Futures - counter-trend 20 day cycle trough now in place.
In Monday's Macro Outlook the analysis was that price had fallen into a 20 day cycle trough zone. Price has gone on to rally through the CPI announcement and has passed up through the 10 day FLD, giving an neutral upside projection of 6,081 and confirming the 20 day cycle trough at this stage of the cycle.
