Is the bull market here? Or have we fallen into the familiar pattern again?

Take a look at this chart—does it feel familiar? Every time the market reaches this point, you hear similar voices—"This time is different, we're finally taking off." But seasoned traders know well, how many times have similar milestones appeared over the past ten years? Each time, it seemed like a turning point, but what was the result? In the end, it always returns to the same place.

This isn't to say the market has no opportunities, but to remind ourselves—that the market's rhythm is often much more complex than expected. Patterns may repeat, but the timing, strength, and background are always changing. Some bet that this time is truly different, while others stay alert, waiting for more confirmation signals. Is it a bottoming rebound or another round of depletion? Maybe only by moving through it will we know.