10 year US Treasury notes update - 21 October 2024

Macro Updates Oct 21, 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.

10 Year Notes - 40 day cycle upswing just failed.

We last updated on 15 October and were looking for a counter-trend 40 day cycle upswing to around 113 and then a top out and decline into the 80 day cycle trough due around mid next month. This looks to have now happened but a little shy of our upside target (the top print ended up at 112-22 at the 20 day FLD). So what do we expect next?

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.