Technical Analysis update for June 2018

7 min Read Published: 30 May 2018

Since my last technical analysis piece three months ago a lot has happened in stock markets. So as we enter the notoriously weak summer months I thought it an opportune time to review where we are and where markets are likely to head next.

As ever with these pieces 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. Think of it like a weather forecast. It’s not 100% accurate but it will give you a better idea of whether a storm is on the horizon. Technical analysis is the nearest thing we have to weather forecasting in the investment world.

What is technical analysis? - A recap

For those who don't already know or have forgotten here is an explanation of what technical analysis is:

Trying to predict the future of the stock market is akin to reading tea leaves.

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