How far up can S&P 500 go this time?
This is the daily chart. S&P 500 touched 3900 but did not manage to close above it on 3/9/2021; however the Parabolic SAR indicator turned bullish on that day. The question is whether the current uptrend will look like A in the chart or B. Nonetheless, the current uptrend will last for a few weeks or so at least; therefore, the Parabolic SAR indicator could catch up unless, we get some really negative news, and the S&P 500 index drops 200 points, or a 5%+ fall.
The SAR indicator also turned bullish on the weekly chart after a one-week reversal. It also indicates the current uptrend is here to stay for at least 5 weeks if the markets stay within the normal conditions.
