Rare Stock Market Indicator Flashes Bullish Signal, Hinting at Potential 20%+ Surge in S&P 500
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A rare bullish stock market indicator flashed on Friday, suggesting big gains ahead for the S&P 500.
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The indicator is the Zweig Breadth Thrust, which shows stocks rebounding quickly from oversold to overbought.
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It has flashed only 18 times since 1945 before Friday.
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After previous signals, the S&P 500 was up 23% on average after 1 year, with 100% success rate.
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The indicator suggests the S&P 500's rally since October still has room to run, potentially surging over 20% to new highs.