Top Stories
Top Stories

Highly successful indicator predicts 18% rally

Traders work on the floor of the New York Stock Exchange.
Getty Images

After stocks go through a correction, pundits dust off old Wall Street market indicators to try to game a bottom. Things like "Dow Theory" and "death cross."

Well here's one more for you.

Bank of America Merrill Lynch's "Sell Side Indicator" predicts the S&P 500 will rally 18 percent over the next 12 months, according a report sent to clients Thursday.