The charts show that investors "can afford to be cautiously optimistic"

Jim Cramer, of CNBC, said Tuesday after consulting with graphic designer Rob Moreno, that investors can afford to be "cautiously optimistic" at this stage of the stock market cycle.

The largest shopping centerEven after a rebound of 16% from its December lows, Moreno left more room for the S & P based on its Relative Strength Index, or RSI, a technical tool that measures price dynamics. The RSI, he explained, has not yet reported that the S & P is overbought, and the Chaikin Money Flow, which monitors the pressure of purchases and sales, shows that large amounts of money are being spent. money tributary.

"Moreno thinks these new buyers are the kind of investors who will not be scared by short-term volatility," said Cramer, adding that the technician was seeing about 3.5% more potential for the S & A P before reaching his ceiling. of resistance to 2818.

But if the S & P manages to trade above its ceiling of resistance and return to its highs of October, Moreno expects a "synchronized turnaround" in the stock market that could crush the main averages, warned the host "Mad Money".

"At least until September, Moreno says you should be a salesman if the averages are approaching their highest in October – that's around 2,930 for the S & P 500," Cramer said. "Finally, he expects an escape from these levels, but it will not happen any time soon."

So, what is the right choice for investors? According to Moreno, not everything is lost. He is still waiting to see strong gains – a movement of about 7.5% – before the end of the current rally. But he does not want buyers to be too happy about the trigger, especially considering the months of side transactions that he's predicted for 2019.

"Until that [September], he expects the market to trade in a fairly wide range, the S & P bouncing between 2,350 and 2,930. For now, we are moving higher, but he recommends using these key levels as points of entry and exit until the consolidation scheme ends later this year and the averages resume their long run, "said Cramer, if he is right and that this rally will lose its vigor after an additional gain of 7.5%, it's still good, but I'm very suspicious and it makes me want to sell a little after this race. "