Jim Cramer explained why the S&P 500 could be in for a tough month of trading.
CNBC's Jim Cramer on Monday warned investors to brace for market turbulence ahead by consolidating their portfolios.
Stocks fell on Monday as investors took profits after the stock market's strong start to the year. The S&P 500 is up more than 7% this year. A cluster of Fibonacci timing cycles clustered together is a sign that "something big" could happen, he added. To explain Boroden's analysis of the S&P 500, Cramer examined the weekly chart of the index going back to July 2021.She sees six Fibonacci time cycles coming due in this week, which means the odds of a bearish reversal are higher than she'd like, according to Cramer.
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