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 – nearing a 20 day cycle peak, then assumption is down again.

Announcements about US trade tariffs over the past week have provided event-driven volatility that Hurst described as ‘fundamental interaction’. The cycles continue to beat through all the noise however as can be seen in this 240 minute chart:

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