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This technical indicator predicts a higher stock market — but don’t get too excited - MarketWatch

1. Zweig Breadth Thrust (ZBT) indicates possible S&P 500 gains ahead. 2. ZBT buy signal historically shows higher S&P 500 in 6 and 12 months. 3. Analysts cautious, some believe market turmoil persists despite ZBT optimism. 4. Hayes Martin forecasts S&P 500 rally potential up to 6,100. 5. ZBT has short-term implications; overvaluation concerns may hinder long-term growth.

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FAQ

Why Bullish?

Historically, ZBT buy signals have led to positive S&P 500 performance, though modest.

How important is it?

The ZBT signal's historical reliability makes it noteworthy but tempered by current market conditions.

Why Short Term?

ZBT's short-term nature suggests immediate effects, but long-term projections remain uncertain.

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