Charts show the S&P 500 could be due for a correction, Jim Cramer says
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“After the epic run in the averages, the charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited,” Jim Cramer says.
The technician thinks the S&P 500 could be due for a correction down to the low 2,700s, the “Mad Money” host says.
“It’s possible she’s being too cautious, but her general point is correct though: the risk reward up here it’s simply not as good [as it was] a month or two ago,” he says.
https://www.cnbc.com/2019/07/17/char...amer-says.html