The chart below is the 10 day moving average of the NYSE Advancers-Decliners. We will be dropping negative numbers today and Monday so the line should be moving higher. By Tuesday it will be very difficult for the line to continue to climb.
On an intermediate term basis the market remains oversold. That is the reason I will not likely be looking to play this short term top aggressively. I used the rally to sell some covered calls but I don't plan on doing much more. The chart below is the 30 day moving average of the NYSE Advancers-Decliners
Sentiment seems to be lining up with these readings. A rally on Monday would likely get market participants a little too bullish short term. But in the intermediate term a two month decline has turned many cautious.