Roelof van den Akker, technical analyst at ING Wholesale, said in a CNBC interview today that the recent rally in the Dow Jones average is in its ‘final stages’.
According to Mr. Van den Akker, the major average will end its rally, topping around 9K and then retract to the mid 7K levels. Van den Akker also said “the development of a higher low should be expected between here and the end of July”.
On the greenback front, Van Den Akker predicted the currency will likely strengthen in the coming weeks.
Final stages of the rally
