Charts suggest Tuesday’s rally could ’just be at the beginning,’ Jim Cramer says

Cramer said that Tuesday's market recovery could be the beginning of a longer rally.

Wall Street has thrown in the towel and some powerful seasonal patterns are on the side of the bulls according to the charts. The host of the show said that he wouldn't be surprised if he's right again.

All the major averages closed up for the day on Tuesday as investors bet the market has reached a bottom after its steep losses this year driven by persistent inflation, the Federal Reserve's interest rate increases, and the Russia-Ukraine war.

The monster rally got us back on track. It might be at the beginning according to Williams.

Cramer looked at the weekly chart of the S&P futures to understand the analysis.

Cramer said that the Williams Panic Indicator shows when investors sell off their holdings in a hurry.

The Williams Panic Indicator will throw off a buy signal when there is a lot of selling.

The last time the indicator flashed a buy signal was on June 17th. He said that you had to pounce.

We have capitulation. Cramer said that Williams thinks we have time on our side and that capitulation alone isn't enough.

Cramer has a full explanation on his website.