How the heck can we figure out where the market is headed? When Jim Cramer is unsure of where the averages are going, he knows it's time to take out the crystal ball of the charts.
Cramer turned to Dan Fitzpatrick, president and founder of StockMarketMentor.com, to get his take on where the market averages will go in the days ahead. Turns out that Fitzpatrick thinks that the dramatic marketplace is about to get nice and boring again.
Fitzpatrick sees that the averages have become overbought in the short-term, which means that we could be due for a pullback. However, that is good news. Any pullback will be short lived, which means it could be time to buy, buy, buy on the dip.
For the S&P 500, it has a history of bouncing back. For instance, when the S&P broke down earlier in October, it fell below its 200-day moving average for the first time since 2012. However it only stayed that way for seven days before it bounced back to its key level.