Charts suggest the S&P 500 will rally in December, Jim Cramer says
$S&P 500 Index(.SPX.US$ Cramer pointed out that Williams said at the end of October — which marked a major month for stocks this year — that stocks could rally through the end of 2022. “Since then we’ve had a very nice run, so as we get closer to the holidays, we’ve got to ask, can it continue?” Cramer said.
He first examined the daily chart of the S&P 500 to explain Williams’ analysis.
He first examined the daily chart of the S&P 500 to explain Williams’ analysis.
The blue line represents Williams’ model of the index’s seasonal pattern, or in other words, the way it historically has traded at any given point in the year. The pattern tends to be bullish for stocks through the end of the year, meaning that the market’s recent strength could be far from over, according to Cramer.
“Williams points out there tends to be two sweet spots for the S&P at this time of year: The first runs through late November, the second runs through mid-to-late December,” he said.
Cramer also analyzed a chart of the S&P 500 that shows Williams’ short-term cycle forecast in red.
“Williams points out there tends to be two sweet spots for the S&P at this time of year: The first runs through late November, the second runs through mid-to-late December,” he said.
Cramer also analyzed a chart of the S&P 500 that shows Williams’ short-term cycle forecast in red.
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Silverbat : Post Thanksgiving rally is expected
exuberant Moose_0246 Silverbat: all day Thursday
Indicator analystOP Silverbat: That we will have to wait and see
Indicator analystOP exuberant Moose_0246: