🔥 Where Are We In The Market Cycle?

The image on the left is an image which circulates a lot on social media, it's a classic view on the market from start to the end of a market cycle.

With the bull-market and the worst part of the bear-market behind us, it's time to determine whether this move is real or not.

Personally, I think it's unlikely that we're going to make new lows in the future. Sure, we can correct downwards back below 20k, but 15k is unlikely at this point. Consequently, that would mean that I think we're currently in the "Disbelief" area.

What do you think? Please explain your thoughts🙏