As regular 80-20 Investor members know, periodically I like to look at what technical analysis suggests about where key markets might be headed next. Interestingly a number of members have been in touch to ask if I could produce a new technical analysis article as we head into 2022, given that markets have been incredibly volatile in recent days and weeks.
Technical analysis is not a crystal ball but instead gives you a range of possible outcomes and levels to watch. In volatile market conditions, technical analysis tends to prove particularly useful and traders and professional investors start to pay greater attention to it.
As ever, I like to recap what technical analysis is and how it works. I always advise investors not to try and time the market because they will never get it right. However, there's nothing wrong with trying to determine a range of possible future outcomes within investment markets.
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