09 Aug 2017

Written by Damien

Damien is one of the most widely quoted money and investment experts in the national press and has made numerous radio & TV appearances. He created MoneytotheMasses.com while working in the City when he became disillusioned with the way the public were left to fend for themselves because they could not afford financial advice.

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Technical Analysis update – August 2017

I tend to produce a technical analysis article every 3 to 6 months to analyse where key markets may move in the short to medium term. The last time I did this was in May 2017. However, the flood of Chatterbox questions this month voicing fears over a stock market correction prompted me to update my analysis sooner than planned. The summer is always a strange period in investing as the majority of market participants jet off on holiday. Lazy days on the markets where not much happens can suddenly give way to spikes in market volatility (see-sawing) exaggerated by the seasonally low trading volumes. Quite simply, if less trades are being made then each one has a more significant impact on the market.

It is always interesting to look back at my previous analysis (in this case in May 2017) and see how it held up.

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