New High, Where's The Dip?

Today the S&P 500 made a new all time high after PFE reported the vaccine it has developed with BNTX is 90% effective. With this encouraging news, the market appears to be changing its theme from 'stay at home' to 'back to work'. In this S&P 500 technical analysis, we will analyze the S&P 500, review the stock market sentiments and its internals to determine where the sp500 is heading and should we still expect a dip from the S&P 500 in the near term?