Charts suggest the S&P 500 climb will stall out at the end of July, Jim Cramer warns

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The charts, as interpreted by the legendary Larry Williams, suggest the S&P 500 could climb another 5% in coming weeks before equities begin to retreat, the 'Mad Money' host said.

warned investors Tuesday that the market uptrend could be running out of fuel near the end of the month.has gained 2.5% of value from the start of July, but there are strong odds that a reversal in the index's trajectory is looming over the backend days, based on analysis from renowned trading expert Larry Williams.

With Covid-19 cases steadily growing across the U.S. and states pulling the plug on their plans to reopen their economies, the future is uncertain. Under these conditions, Cramer likes to go off the charts to get a more empirical read on the market void of emotions and knee-jerk reactions to daily gyrations in stock prices.

The line last reached a high in early June, meaning the broad index of 500 stocks could be due for a pullback in the near future, the host said.

 

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Haha looking at charts in the time of news driven volatility.

Unless Congress approves another massive cash life support, the economy should be coming off it's sugar high by early August.

TheProphetGod guaranteed profits.

You mean Jim 'Regeneron' Cramer?

When will Cramer address that his market site took PPP funds a program he lambasted. Also - who remembers his report a few months ago that maybe FL had it right when folks were out having fun while NY was shut down. Man is he a jerk or what.

soory but old is clown , my parrot repat the same

playa again with market

fintwit_news 🚀

ThinkTankCharts Yup July 22

the stall out schedule is bi-weekly now, sometimes more often.😉

Disagree, but I hope im wrong

He changes with the wind.

and maybe bring some volatility to bitcoin!

It is 1988 all over again .

Nobody cares about him

Kinda like my car.

Charts or sharts? jimcramer

Not a chance. Will continue to make new ATHs into the election. Fed/Trump will ensure that happens.

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