SP500 On a Crossroad

We've all seen the massive bullish movements of the markets today. And luckily for us, volatility means new chances.
In my previous post I argued that the SP500 was prone for a correction, especially after the massive rally it had since the election. Little did I know about today: a corona vaccin.

Currently the SP500 is above the (logarithmic) trendline that it has been following since 2008. Only two times to this day, see the yellow circles on the graph.
The first yellow circle made an end to the crazy summer rally we had this year. The second yellow circle marks today.

Does this mean that the market will fall soon? Maybe. I guess everyone can agree that we are in a very overheated market at the moment. It'd be too early to go short straight away, there's too much bullish force behind the current market. Wait untill today's gap has been closed at the very least.

On the other hand, if we keep climbing we might actually see 3800 points sooner than later.