Hurst Cycles Notes on the S&P 500 and Bitcoin | Christopher Grafton

General outlook: Gold, EURUSD both in 40 day cycle peak zone. US Dollar, Oil, Copper, USDJPY forming pro-trend 20 day cycle troughs. SPX E-Minis, 10 Year Treasuries at 80 day cycle peaks. Nikkei to 40 day cycle trough zone. Bitcoin 80 day cycle trough forming. 

S&P 500 E– Minis (ES, daily chart) - 80 day peak zone. Down.

 Bitcoin (daily chart) - 80 day cycle trough zone. Up.

Reference:
Christopher Grafton (September 2, 2025) - The Macro Brief - 2 September 2025.

 

See also:

Christopher Grafton (2011) - Mastering Hurst Cycle Analysis.
David Hickson (August 25, 2025) - 20-Week Cycle Troughs in S&P 500, NASDAQ, Gold & Bitcoin.