- An incredibly rare bullish stock market indicator just flashed, suggesting big upside ahead.
- The Zweig Breadth Thrust indicator flashed on Friday after the S&P 500 saw its biggest weekly gain of the year.
- “All you need to know is since WWII, the S&P 500 is higher a year later every time,” Ryan Detrick said.
A rare bullish stock market indicator just flashed, and it’s a signal that suggests that the S&P 500’s bull market rally that started in October 2022 has more room to go higher.
The Zweig Breadth Thrust Indicator was triggered on Friday after the S&P 500 surged 6% in its biggest weekly gain of the year. This is the 18th time the indicator has flashed since 1945, according to data from Carson Group’s Ryan Detrick and Ned Davis Research.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased