I don't agree with the subject heading. It's ended. The rally is now over.
Unfortunately, I pity the resource sector this week - IMO, it is a given, assuming the data from NY will be what is expected or worse.
Then you have profit taking too.
Citigroup is already down 5%. Retail figures on Thursday.
Oil prices are still under pressure.
China's manufacturing industry slumped in November as new
orders, especially from abroad, tumbled in the face of
deepening economic gloom and financial uncertainty.
A report on November U.S. manufacturing looks dismal.
The U.S. credit-card industry may cut $2 trillion in credit lines over the next 18 months due to caution about risk and regulatory changes, leading to sharp contraction in consumer spending.
etc etc.
Not a good week but volatility will be a given and watch NCM IMO
bear market rally has commenced, page-24
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