We are currently in a kind of which can go in both directions. Imho March will be definitely "deciding month" in which direction the stock market will go. Therefore, it is appropriate to consider risks - to be in the market or not to be in the market and with what % of an amount of capital, eventually consider to protect yourself by some short positions or options.
1) Currently I would expect to move from the current 3900 points to about 3800 points ( cca 3% correction) is the minimum healthy correction we should make.
2) Deeper correction, which would mean to be broken. It may occur in parallel due to some bad news (for example higher - helicopter money, battle usa-china, some covid bullshit etc ..) This would mean a correction at least about 10% to 3600-3500 points there are a long-term trend, support and strong moving average MA200.
3) Everything will be shiny, will be broken in direction (btw: don't forget that people in the USA will get more money during March, which will quite likely go to the market again - according to JP Morgan research)
Final word: pay attention until market will decide. Btw: in any case on is momentum and divergence.