Major Wall Street indices ended lower on Monday as investor optimism about the much-anticipated “Santa Claus” rally began to fade while fears of a recession gained momentum.

celebrities market commentator Jim Cramer quoted a diagram interpreted by Larry Williams and said there could be a potential opportunity to buy stocks and that Christmas is not being canceled for Wall Street, according to to a CNBC report.

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“The cards, eh performed by Larry Williams“Suggest Christmas isn’t canceled for Wall Street – he thinks we’re still in for a Santa Claus rally and the ideal time to buy is sometime around this Thursday,” he said.

Monday’s fall marked the fourth consecutive negative session for Wall Street. The Dow Jones index ended 0.49% lower, while the S&P 500 ended Monday’s session down 0.9%. The Nasdaq was the biggest loser, down 1.49% by the end of the day. That SPDR S&P 500 ETF Trust SPY 0.85% closed lower while the Vanguard Total Bond Market Index Fund ETF BND 0.6% lost.

Cramer explained that the market’s recent downturn sets the perfect stage for a “Santa Claus” rally. For Williams, it’s a matter of timing, not whether shares will rise, Cramer said, according to the report.

Larry Williams’ analysis of the daily chart of S&P 500 futures from November 2021 to January 2022 – courtesy of CNBC

Chart Analysis: Cramer first interpreted the daily chart of S&P 500 futures from November 2021 to January 2022. On the chart, the blue line depicts Williams’ seasonal forecast and indicates that the best buying opportunities arrive in mid to late December with the “Santa Claus” rally that tends to last until January 10th.

Daily chart of S&P futures from September this year to now – courtesy of CNBC

Cramer then compared those results to the daily chart of S&P futures from September of this year to now and found that the market has just entered the “seasonal sweet spot” according to the chart. Cramer noted that…