Monday, June 15, 2026

S&P 500 Up (80D Trough) and Bitcoin Up (20W Trough) | Christopher Grafton

General outlook: US Dollar Down (->40D trough). Gold Up (80D trough). Oil Down (->80D trough). Copper Up (40D trough). USDJPY Down (-> 40D trough). EURUSD Up (80D trough). SPX E-minis Up (80D trough). Nikkei futures Up (80D trough). Bitcoin Up (20W trough). Ten Year Notes Up (20W trough).
 
S&P 500 E–Minis (ES) - 80 day cycle trough in. Up. 
[Current average lengths of nominal cycles in stacked, color-coded boxes at bottom right of charts.

Bitcoin – 20 week cycle trough in. Up. 

Reference:
Christopher Grafton (June 15, 2026) - The Macro Brief- 15 June 2026.
 
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