Technical Analysis update – 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.

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.