Hello Christietz,
If you have checked the obvious and inexpensive (fluid levels and belt-tightness)it's probably time to move on to the pump. As the pump is what draws on the fluid reservoir, and you are getting some "feedback" from this (and making a mess of your engine compartment to boot), that would my first choice. Suggest fitting a rebuilt pump unless you have the wherewithall, parts and time to rebuild the pump yourself.
If you are using a mechanic--as I often do--sometimes diagnosing the problem on older cars by addressing the symptoms (in your case, changing the fluid, changing the belts and adjusting, bleeding the system, etc.) one by one can be a time consuming and expensive proposition with shop labor being what it is. Sometimes the cure can be (not always, mind you...)less expensive. What I've done repeatedly on my car is to change the suspect parts; if the old part was not the problem, onto eBay it goes.
Michael Salemi
1969 280SL
Signal Red w/Black Leather
Restored