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Will Santa Appear This Year? While Danielle remains bearish this market on a swing basis, she is looking at a possible Santa Rally due to the overall market being so extended to the downside, with a combination of it being oversold with a high put/call ratio. Here is what she is looking at — however, remember, NO TRIGGER, NO TRADE! We never buy ‘just because’ of a seasonal trade, we must combine it with technical triggers, and we haven’t gotten any of those — yet.