The Macro Brief- 15 June 2026

Analysis & Learning Jun 15, 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.

The Macro Brief is an excerpt from our weekly Macro Outlook newsletter. Today we are highlighting the S&P 500 (e-minis) and Bitcoin.

General outlook: SPX E-minis Up (80D trough). Bitcoin Up (20W trough).

S&P 500 E–Minis (ES) - 80 day cycle trough in. Up.

The 80 day cycle trough is in place.

Bitcoin – 20 week cycle trough in. Up.

The 20 week cycle trough is in place.

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.