The stock market sell-off during February rattled investors. Yet despite the subsequent rebound investors remain nervous. Every analyst seems to have an opinion which unhelpfully range from the bullish 'we are set for new all-time highs' to the bearish 'the worst is yet to come grab your tin hats'. So who should you listen to?
Of course, I do not have a crystal ball and 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.
It is always interesting to look back at my previous analysis (in this case in August 2017) with the benefit of hindsight and see how the market played out when it broke above or below the key levels highlighted.
Full article available exclusively to 80-20 Investor members.
To read the complete article, sign up for a free trial or log in below.
Start a free trial Already have an account? Log in
