So the S&P 500 got through the 1200 resistance level. But did you notice that the Nasdaq Composite essentially got back to where it was early last week? And the Russell 2000 is also back to last Monday's levels.However, the most interesting development for me is that the breadth finally got moving. The majority of my indicators are calculated using various breadth measures, and if breadth stinks and can't string together a few days of positive readings, my indicators can't lift. Monday's strong breadth reading has pushed some of the indicators upward. Now before I sing the praises of the rally, allow me to point out what wasn't good. Despite Monday's good readings, overall breadth has lagged. It needs to catch up. Another thing that wasn't good -- on a short-term basis -- was the action in the Bank Index. It got to just shy of 100 and backed off. While that is to be expected, note that it closed on the low of the day.