S&P 500 returns above the 200-day moving average, is the bull market back in US stocks?

According to the Securities Times app, on Monday, the US stock market experienced a strong rebound, with the S&P 500 index rising by 3.3% to close at 5844.19 points. It successfully broke through the key technical level of the 200-day moving average, marking the first time in over 30 trading days that the index has stood on this long-term trend indicator.