After the strong performance on Friday, we need to look and see if there is any follow-through. On that front, there is good and bad news. The good news is the Russell 2000 (IWM) rallied beyond resistance. As this is the higher risk area of the equity market, this move is bullish. However, we didn't see any follow-through on the other markets, which is not good. Ideally, we need to see the QQQs and/or the SPYs make a move higher in conjunction with the IWMs.
All told, the above charts don't bode well for a lot of follow-through in the broader market.