Santa Rally Bailed Out By Another V-Bottom

Santa Claus may not exist – nor the Santa Rally for that matter – but the mythical creature named the “V-Bottom” is all too real. On October 31 when we spotted the previous V-Bottom, we honestly would not have guessed that we would see yet another one before year-end. Yet, here we are with the 10th V-Bottom since March 2013, according to our criteria (see the Oct 31 post). This, after seeing just 38 in the prior 62 years combined.

The only question is: is there time to squeeze one more in before the end of the year?