SPX Monitoring purposes; Sold 3/14/23 at 5150.48 = gain .52%; 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.   The second window up from the bottom is the 10 day average of the TRIN. The SPX can stall when the 10 day TRIN reaches near .90 and lower (reached .92 on 3/11). We identified the times when the 10 day TRIN reached near .90 and lower with red lines and the market stalled usually for a week or longer. We noted to times with blue lines that appear to have no effect.  Our view short term is for the 10 day TRIN to rise and create energy for the next rally. Today’s TRIN intraday consistently stayed above 1.50 which is a bullish sign.  J  Nothing new to add to this chart that looks at the intermediate term.  “Above is chart looks at the bigger picture.  The above chart is the monthly SPX and we circled in red the times when the monthly candlestick price 50% of the trading range close above the upper Bollinger bands.  February trading range closed 50% above the upper Bollinger band suggests next month trading (March) may see a consolidation.  The second window up from the bottom is the monthly SPX/VIX ratio.  This ratio has made a lower high while SPX has made a higher high and in turn is a bearish divergence.   There can be “Back and Filling” this month but intermediate term trend remains bullish.  Could see market rally another 10% or more before the year is out.”    We added to this chart from yesterday. The middle window is the monthly XAU/Gold ratio.  When the RSI reaches 30 and turns up for this ratio, it has rallied at a minimum to .70 (noted on chart with bold red line).   If that happens on this “go around” than most likely the blue trend line on the XAU will be exceeded (bottom window).  We said yesterday, “Above is the weekly XAU/Gold ratio with its RSI (next higher window).  Bullish signals are triggered for the XAU (GDX) when the RSI fall below 30 and than turns up.  The last signal of this type occurred in early March.  Most signals of this type are robust with gains of 50% or more.  The bottom window is the weekly GDX and we circle in red when these signal where triggered.  Most signals last at least 6 months.  We drew a blue trend line on the weekly GDX chart which is not far from current prices.  A “Sign of Strength” should be seen through this trend line to confirm a breakout and therefore the market may get stronger in the coming weeks as it breaks this trend line. More By This Author:S&P 500 Remains BullishMore Base Building Before The Strongest Rally Phase Begins? “Selling Climaxes”