CNBC's Jim Cramer on Wednesday said charts indicate that the bull market can roar higher if the tech sector continues to perform, especially the stock of Nvidia , a leader on the indexes.
"The charts, as interpreted by Jessica Inskip, are looking pretty darn good for the S&P and the Nasdaq-100, and of course, yes, Nvidia," he said.
"We've got a much broader bull market than we had six months ago, but if it's going to keep running, Inskip says we need to see some meaningful participation from tech."
While tech may not have to "lead the way anymore," it still has to "at least follow the leaders," Cramer said.
To explain analysis from Inskip, Cramer examined charts of both Nvidia's and the Nasdaq 100 's weekly performance since last fall.
Persons:
CNBC's Jim Cramer, Jessica Inskip, We've, Inskip, Cramer
Organizations:
Nvidia, Nasdaq