Wall Street analysts are really excited about this bullish stock-market chart. Here's why you should be, too.

A bullish stock market indicator with a sterling record was seen last week. and technical analysts on Wall Street haven’t stopped talking about it.

A relatively rare occurrence, a Zweig Breadth Thrust requires a sudden surge in the ratio of stocks advancing to the number of stocks declining over 10 trading sessions. To be sure, there are many different flavors of breadth thrust indicators. They have been used by technical analysts for decades to try to glean more insight into how equity-index components are faring.

Since World War II, a Zweig Breadth Thrust has been seen 17 times before Nov. 3. On all but four occasions, the S&P 500 was higher three months later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Arm beats sales expectations in first post-IPO earnings report, but guidance falls shortArm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Arm beats sales expectations in first post-IPO earnings report, but guidance falls shortArm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Source: CNBC - 🏆 12. / 72 Read more »

Arm reports first post-IPO earnings and the stock is down 7%Arm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Source: NBCLA - 🏆 319. / 59 Read more »