Reported 3 months ago
A super-rare bullish indicator, the Whaley Breadth Thrust Indicator, has just been triggered, signaling that the ongoing S&P 500 rally that began in October 2022 still has room for growth. This indicator, with a 100% success rate looking one year out, shows a broadening participation in stock gains among non-mega-cap-tech components. The stock market history indicates an average one-year return of 23% following this indicator, boosting smaller-sized company stocks significantly. Overall, this strong bullish signal suggests that stocks are poised for further gains.
Source: YAHOO