According to Jim Cramer, the Nasdaq 100 may experience a significant decline this week, as indicated by charts.

• On Wednesday, CNBC's Jim Cramer predicted that the Nasdaq 100 may experience a low this week, allowing investors to sell off underperforming stocks, based on the analysis of technical analyst Carolyn Boroden.
• According to Carolyn Boroden's interpretation of the charts, the Nasdaq 100 may experience a significant low this week, possibly even already having occurred, as stated by the "Mad Money" host.

On Wednesday, CNBC's Jim Cramer predicted that the Nasdaq 100 may experience a low this week, allowing investors to sell off underperforming stocks, based on the analysis of technical analyst Carolyn Boroden.

According to Carolyn Boroden's interpretation of the charts, the Nasdaq 100 may experience a significant low this week. If this has already occurred, then the recent market turbulence could come to an end, as suggested by the "Mad Money" host.

Although Boroden warns that the technical picture remains unfavorable, you may still have the opportunity to sell some technology to raise funds for investments with better prospects in the future.

On Wednesday, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced gains, with the Dow rising 1.01%, the S&P 500 increasing 1.12%, and the Nasdaq Composite gaining 2.03%.

Cramer explained that Boroden uses the Fibonacci strategy to make predictions about the market. A group of Fibonacci timing cycles occurring simultaneously suggests that a stock or index may reverse direction, she said, adding that this is how she knew the market would bottom in mid-March.

Since March, the Nasdaq 100 has been moving downward, almost in a straight line, according to Cramer. Boroden is monitoring both time and price indicators to identify the next market low, where investors can make trades.

Cramer stated that she believes the Nasdaq 100 will experience two significant lows in terms of timing. The first period is from yesterday to today, and she believes that today's rebound may have more staying power than anticipated.

Boroden stated that while Fibonacci timing cycles are useful, we only experience a trend reversal approximately 60% of the time when we observe these signals.

Boroden believes that the Nasdaq 100 is in rough shape as its price stays below the 200-day and 50-day simple moving averages, according to Cramer. However, he also said there's a possibility that the index may once again reach its lows from March 14.

Cramer mentioned that Boroden is monitoring both the 5-day and 13-day exponential moving averages.

Boroden stated that when the five-day goes above the 13-day, it is her favorite buy trigger, and when it goes below, it is her favorite sell trigger. Currently, he said, we are in sell territory, not buy territory.

Cramer advised investors to be prepared for another "downside failure" even if the Nasdaq-100 reaches a significant low.

He stated that she believes we haven't fully emerged from the woods and isn't giving a definitive "all-clear."

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