Technical Analysis update – May 2017

13 min Read Published: 04 May 2017

Periodically I produce an article with my technical analysis of where key markets may move in the coming months. The last time I did this was back in December 2016 and it is always fun to look back at how my analysis fared.

Each time I write these articles I 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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