CNBC’s Jim Cramer on Monday said there could be an opportunity to buy stocks ahead of a possible rally. Stocks fell for a fourth consecutive trading session on Monday, weighed down by mounting recession fears.

“The charts, as interpreted by Larry Williams, suggest that Christmas is not going to be canceled for Wall Street he thinks we still have a Santa Claus rally coming, and the ideal time to buy is sometime around this Thursday,” he said.

Cramer said that the market’s recent downturn is the perfect setup for a Santa Claus rally, which describes U.S. stocks’ tendency to rise near the end of the year and the beginning of the new year. For Williams, it’s a matter of when, not if, stocks will run up, according to Cramer.

The blue line at the bottom is Williams’ seasonal forecast, and suggests the best buying opportunities come in mid-to-late December, with the Santa Claus rally tending to last through January 10. The chart shows that stocks rallied from December 20 through the end of the year, in line with the forecast.

To explain Williams’ analysis, he examined the daily chart of the S&P 500 futures from November 2021 to January 2022. Cramer then compared these findings to the data shown in the daily chart of the S&P futures from September of this year until now.

The chart suggests that the market just entered the “seasonal sweet spot,” Cramer said. He added that Thursday’s trading session would be the ideal moment to buy ahead of a potential rally, according to Williams.

“I know it’s hard to believe that the market’s ready to run, but that’s how it always is with Larry’s calls. Although it’s possible this year will be different, historically, betting against him has been a real bad strategy,” he said.

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