S&P 500 Index - An embedded creeping market!

This uptrend is good for our long dated positions. Yet, I don't trust an embedded creeping market! It creeps up to confuse and frustrate shorts. It creeps up slowly to play for time so that our existing hedges (protection) run out of time! Will it creep through 200 day SMA? Will it pull back first? At this point we just have to wait and see.