SPX Monitoring purposes; Sold 11/29/23 at 4550.58 = gain 10.52%; Long SPX 10/27/23 at 4117.37.

Gain since 12/20/22= 26.8%.

Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78.

Above is the monthly SPX. The bottom window is the SPX/VIX ratio. It's common for this ratio to lead the SPX and right now the monthly SPX/VIX has made a higher high above the July high and also above the January 2023 high suggesting at some point the SPX will trade above the July high and the January 2023 (noted with thick blue arrows). SPX is just at the July high now but could fade this week as this week seasonality-wise is the fourth weakest week of the year. We are only looking for a pullback that could set up the next bullish signal. The pattern that appears to be forming is a Head and Shoulders bottom where the Head is the October low and the Right Shoulder is forming now. Let's see how the week goes. We sold our long SPX on close of 11/29/23 at 4550.58 = gain of 10.52%. Long from SPX 10/27/23 at 4117.37.

If you remember we got out in July near the high (sold on 7/21/23 at 4536.34 SPX) and the reason we sold our long SPX position was because of the chart above. The middle window is the daily VIX/VVIX ratio. Its usually a bearish sign for the SPX when this ratio is rising along with the SPX (noted in shaded pink). This ratio has been rising from the first of December (over a week) and suggests the current rally may stall in the coming days. This indicator give strength to the notion that this week seasonality wise is the four weakest week of the year. The next potential pullback could produce a bullish setup.

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