Charts Suggest It's Not Time to Go All-In on Stocks Yet, ‘There Will Be More Pain,' Jim Cramer Says

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CNBC’s Jim Cramer on Monday analyzed the latest work from technician Mark Sebastian focused on the VIX and S&P 500.

Investors should be a little more patient before going all-in on the unsettled stock market, CNBC's Jim Cramer said Monday.Investors should be a little more patient before going all-in on the unsettled stock market, CNBC'sSebastian looked at the trajectory of the VIX, Wall Street's so-called fear gauge, and the S&P 500 in order to help make sense of heightened volatility during theThe founder of OptionPit.

"In the meantime, he predicts more wild days like last week when we exploded higher, or today when the market came right back down and then went up again," theThe VIX, which measures implied volatility of S&P 500 options, and S&P 500 are supposed to head in opposite directions. Cramer said that in order to become more confident, Sebastian wants to see stocks make a new near-term low while the VIX is not making a fresh near-term high.

 

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