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 and US 10 Year Treasuries.
General outlook: SPX E-minis Down (-> 40D trough). US Ten Year Up (18M trough zone).
S&P 500 E–Minis (ES) – looking for the next 40 day cycle trough. Down.
The 40 day cycle peak is in place and we are looking for the next 40 day cycle trough, likely around the 40 day VTL just below.
10 Year Treasuries – 18 month cycle trough zone. Up.
We may have just passed through an 18 month cycle trough zone. If so it is a big signal and marks a regime change in bonds.
This post was first published on Hurst Cycles Notes.
