Markets roared and soared ahead on the news of fiscal cliff deal. Each of the market indexes I track viz. DIA, SPY, IWM and QQQ all tacked huge gains of 2.44, 2.56%, 2.94% and 3.18% respectively. The last two trading days in the indexes netted around 5% approx from the lows. There is no arguing against this move since breadth also tracked high which we haven't seen in over a year. Having said that, the markets now need to digest this big move over the last two days. The logical and ideal course for this market is go sideways for a few days, digest the move and resume the uptrend. Perhaps, in this phase the breakout of stocks have a more likelihood of following through given that there is a breadth thrust. Let the price action dictate the next course of action.