Monday's action looked fine as the internals were positive. Volume was lighter, however, than late last week. This is what an uptrending market looks like when it digests big gains that it tacked on in a hurry. It just meanders sideways before launching higher. HOWEVER, nothing is guaranteed in this market and Tuesday will present the first test of this new supposed uptrend....and it may fail. A move under 1200 on the S&P will be met with great trepidation.