“The charts, as interpreted by Carley Garner, suggest this week could be a key moment for the S&P 500,” the “Mad Money” host said.
CNBC's Jim Cramer on Tuesday said that there could be a"key moment" for investors to do some buying in the S&P 500 this week, leaning on analysis from DeCarley Trading market strategist Carley Garner.
"Eventually the bears will run out of firepower and some of the money sitting on the sidelines will come back into the market," the"Mad Money" host said."This is a bullish scenario, people." CNBC's Jim Cramer on Tuesday said that there could be a"key moment" for investors to do some buying in the S&P 500 this week, leaning on analysis from DeCarley Trading market strategist Carley Garner.
Garner believes there's a"moderate chance" of a rebound later this week, but the more likely scenario is either seeing some stability around where the S&P 500 is currently trading or a breakdown to the 3,500s, the""At that point, though, she would want you to be a buyer, not a seller, because eventually the bears will run out of firepower and some of the money sitting on the sidelines will come back into the market," he added.
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