Today has the possibility of being the sixth consecutive trading day with a higher low, and, of course, higher highs:

https://finance.yahoo.com/quote/%5EHUI/history
Just for argument’s sake, imagine the venerable S&P having a move from 197.89 to 229.11, from 2/28/24 to 3/7/24, just 6 trading days!

That’s 15.7764%.

One could start to use ^HUI as the benchmark for their own complete PM portfolio, juniors included.

Almost forgot to include the link for what made me think : has the ^HUI bottomed?

Markets bottoms on the other hand are V-shaped and are much more sudden affairs. They sell off abruptly but also recover rapidly, and spend considerably less time within 20% of their low price.

From this article:

https://www.zerohedge.com/markets/stock-markets-top-will-outlast-your-disbelief
GL