Technical analysis – where will markets head next?

Back in February I wrote a piece titled 'Stock markets at all-time highs, where next & should you buy?' In it I used technical analysis to try and predict where markets would head over the following months. It was well received by 80-20 Investor subscribers and the predictions proved pretty accurate and profitable. A number of subscribers have asked that I revisit the topic and update the charts and technical analysis - hence this article.

Remember that no one can predict the future. However, technical analysis can be used as a guide to the range of possible future outcomes. Once again I focus on the UK stock market, the US stock market and the Japanese stock market. Remember I'm not looking at what is going to happen in the next few days but the coming months.