Jim Cramer Says S&P 500 ‘Santa Claus Rally’ Is Coming Next Month – Vanguard Total Bond Market ETF (NASDAQ: BND), SPDR S&P 500 (ARCA: SPY)

chief market analyst Jim Cramer said Monday that shares of the benchmark S&P 500 are likely to gain momentum next month.

“Chart, as interpreted by the mythology Larry Williamssuggest that Santa Claus According to a CNBC report, Cramer said, “The rally is coming to the city next month and you better get ready for it, or else you might be left behind.”

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The expert previously highlighted Williams’ comments when he said stocks could rally through the end of 2022. Continue?” Cramer reportedly said.

Long Term Pattern: Cramer analyzed an S&P 500 chart and pointed to the blue line, which is Williams’ model of the index’s seasonal pattern — the way it has historically traded at any given point in the year.

Chart Courtesy: CNBC

Cramer said he believes the pattern is bullish for the stock through the end of the year, which indicates that the market’s recent strength may be waning.

“Williams points out that there are two good positions for the S&P at this time of year: The first runs through late November, the second runs through mid-to-late December,” Cramer said.

Wall Street has begun to heed the Federal Reserve’s word as major indices have lost steam over the past few days. SPDR S&P 500 ETF Trust Detective Monday’s session ended 0.36% lower while Vanguard Total Bond Market Index Fund ETF bnd Flat finished.

Short term forecast: In the short term, there is a possibility that stocks could see some weakness through the end of November, but if the cycle plays out, the S&P 500 could rise in December, Cramer said, citing Williams’ short-term cycle forecast.

Chart Courtesy: CNBC

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