Charts suggest the market has more upside through the end of the year, Jim Cramer says

CNBC's Jim Cramer connected Monday said that the marketplace could spot a rally aboriginal this twelvemonth that lasts done the extremity of 2022.

"The charts, arsenic interpreted by Larry Williams, were capable to telephone this unthinkable October rally. … And present helium says that this market's apt got adjacent much upside adjacent done the extremity of the year," Cramer said.

Stocks fell connected Monday but saw a large comeback successful October. The Dow Jones Industrial Average gained 13.95% successful its champion period since 1976. The S&P 500 and Nasdaq Composite accrued astir 8% and 3.9%, respectively, successful October.

To explicate Williams' analysis, Cramer archetypal examined the illustration of the Dow Jones Industrial Average futures successful black, and Williams' existent seasonal signifier successful blue. 

This illustration is an updated mentation of what Williams utilized earlier this month erstwhile accurately predicting October's rally, and suggests determination could beryllium a tremendous rally, according to Cramer.

"That existent seasonal signifier is based connected the humanities signifier astatine immoderate fixed constituent successful the year, and it predicted a monster tally done mid-November. And it suggests we've got different limb higher done the extremity of the year," helium said, adding that determination volition beryllium a intermission betwixt the rallies.

He past examined a illustration that shows the enactment successful the Dow done past week, on with Williams' semipermanent rhythm forecast successful red.

The rhythm forecast confirms the bullish erstwhile seasonal forecast successful the erstwhile chart, according to Cramer.

"Bulls beryllium prepared, bears beware," helium said.

For much analysis, ticker Cramer's afloat mentation below.