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&P500 E-Minis – pushing higher towards 40 day cycle peak.
In Monday’s Macro Outlook we were looking for a 20 day cycle peak around 4,475 and a shallow refresh within the underlying 80 day cycle upswing. The market has repriced rate hike expectations (see yesterday’s US Dollar update) and pushed higher. We are now looking up towards a 40 day cycle peak and the 80 day FLD cross over of 3 November projects to 4,600. The next 40 day cycle trough is due in the first week of December and we are expecting the peak to be pushed forward in time before the 40 day cycle downswing kicks in.
This post was first published on Hurst Cycles Notes.
