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.

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