PixabaySPX Monitoring purposes; Long SPX 3/8/24 at 5123.69.Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes Gold:  Long GDX on 10/9/20 at 40.78.   Our gain for 2023 came in at 28.12% and SPX gain for 2023 came in at 23.38.  We made 8 SPX trades with one loss and 7 wins in 2023. This week is option expiration week which has a bullish bias and is also the 8^th strongest week of the year according to Seasonality.  Last Wednesday the Tick closed at -260 which leans bullish, last Thursday the TRIN closed at 1.15 and Friday at 1.21 which both leans bullish and this combination suggests the short term rally can continue. Next week is the 9 weakest week of the year according to seasonality and therefore may see a high later this week.        What we said last Thursday’s still stands, “This chart looks at the bigger picture and remains bullish.  The top window is the 14 period RSI for the daily SPY.   When the daily RSI hits 80 range and not above 85, the market is in a trending mode that can last for several months.  We identified the times with red lines when the RSI hit in the 80 range.  It’s a rare occurrence as it happens about every couple of years.  The last time came in December 2023.  There can be pull backs in the market, but usually limited.  Our view at the moment is that the current trending market could last into July.”     Here is a chart that may “kick in” and help us define the larger picture.  The bottom window is the GDX 18 day average of the Advance/decline and next higher window is the GDX 18 day average of the up down volume.  Surges in GDX is expected to continue from 3 month to 6 months when both indicators reach +40 ranges (current readings are both around +23).   The last reading that came in the +40 range was back on April 4 of 2023 and that one failed to produce a surge higher.  However, the previous four dating back to 2018 worked out well; so the current setup has an 80% chance of working out.  Taking this one step further is this current setup works out than the monthly cumulative GDX up down volume and Advance/decline indicators shown on last Thursday’s report may close above their mid Bollinger band and trigger a multi year signal.      More By This Author:More Base Building Before The Strongest Rally Phase Begins? “Selling Climaxes”Market Moods And The S&P 500