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CNBC’s Jim Cramer said Wednesday that investors can expect it to run smoothly as Wall Street tries to move past a brief but tumultuous period of stock declines.

After the market recouped all losses from Monday’s big slump, Cramer checked the chart action to predict the next move.

“The charts as interpreted by Carolyn Boroden indicate that the S&P 500 is done with more uptrend,” said the Mad Money presenter. “I share Boroden’s positive attitude towards the market in general … especially now that the recent market shakeout has ripped so many weak hands out of the market.”

In her analysis, Boroden, known for Fibonacci trading strategies, discovered a recurrence pattern when the S&P 500 experiences a steep sell-off within three days.

In the three days that ended Monday, the index fell nearly 3%. A similar multi-day route took place in mid-June, twice in May, and once in March and January, noted Cramer.

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“Very often this year the S&P will pull back pretty hard, but it will only be three trading days from the last new high,” he said. “Boroden is pretty confident that this pattern has already been repeated.”

“If we had been down yesterday it would have been a different story, but we returned. To them, that means the meltdown is probably over,” he said.

Boroden, who contributes to RealMoney.com along with Cramer, keeps an eye on 4,359 in the S&P 500. Should the index break this resistance line, its next target will be 4,437 and 4,492, Cramer said.

However, investors could expect further turmoil if the S&P 500 breaks the above pattern and falls from a new high in more than four trading days.

“In that case, she would be much more concerned about the possibility of a major downward correction. But at the moment that hasn’t happened and the future looks bright, which is in line with what we saw in winning season. “Said Kramer.

Salesforce CEO Marc Benioff issued his support on Wednesday to President Joe Biden’s actions directed at the tech industry.

When asked by CNBC’s Jim Cramer for his thoughts on claims from critics that the White House is “anti-tech,” the billionaire internet entrepreneur riffed at the suggestion.

“He’s saying a lot of really smart things,” Benioff responded in an appearance on “Mad Money.” “He is saying some things that other people were afraid to say that are true things.”

Benioff did not mention what Biden said that he considers being correct, but the comments come after Biden earlier this week faced pressure to clarify recent remarks he directed toward social media companies like Facebook.

After the message was received to suggest that platforms like Facebook where Covid-19 vaccine misinformation is spreading are “killing people,” Biden came out Monday to say just the opposite: “Facebook isn’t killing people.”

Meanwhile, the Biden administration has taken aim at what it sees are anti-competitive practices in Big Tech. The Democrat earlier this month signed an order intended to impact corporate consolidation and update antitrust laws.

The White House on Tuesday added another Big Tech critic to its staff in Jonathan Kanter, who will head the Justice Department’s Antitrust Division. It followed the nomination of Lina Khan to lead the Federal Trade Commission.

Benioff suggested he doesn’t see the moves as anti-tech.

“We have a crisis of prioritization in government,” Benioff said. “We have got to figure out what’s truly important, and certainly our technology industry is one of the great assets of our country.”

Salesforce is a packaged software company that held a roughly $188 billion market valuation as of Wednesday’s close.

Shares of the company rose 0.83% to close at $242.11 that day. The stock has risen 8.8% year to date.

Chipotle shares managed to pop double digits Wednesday because of the restaurant chain’s culture, CNBC’s Jim Cramer said.

“This company has an extraordinary culture of customer-centric innovation, and that culture has been turbocharged since they hired Brian Nicoll as CEO when Chipotle’s stock was languishing the $200s after a series of health scares,” the “Mad Money” host said.

The comments come after the stock closed at $1,755.99, jumping more than 11% after Chipotle reported a big earnings beat in the second quarter on revenues that topped pre-pandemic levels.

The surge came alongside gains in major U.S. stock averages as Wall Street continued to bounce back from a big plunge on Monday.

Cramer highlighted how the company embraced technology to boost digital ordering, leaned on food delivery and capitalized on their modernized drive-thru lanes called “Chipotlane” amid Covid-19 lockdowns to sustain the business.

“We always hear about these executives who say a crisis is a terrible thing to waste. Most of the time they’re just blowing smoke. Not Chipotle. Chipotle delivered,” Cramer said.

“The most important thing is that, unlike nearly every company I follow, Chipotle held on to its digital gains after the great re-opening.”

Chipotle posted $1.89 billion of revenue last quarter, up nearly 39% from a year ago and about 32% higher than the same quarter in 2019.

The company also doubled its second-quarter profit from 2019, reporting $188 million on the bottom line compared to $91 million two years ago.

Shares of Chipotle are up more than 26% after setting a record close.

White House senior medical advisor Dr. Anthony Fauci said people who are fully vaccinated should consider wearing masks indoors as a precaution against the rapidly spreading Delta variant in the US

“If you want to walk that extra mile of safety indoors, especially in crowded places, despite being vaccinated, consider wearing a mask,” Fauci said in an interview with CNBC on Wednesday.

Some areas of the United States are reintroducing mask requirements due to spikes in cases. The more transmissible Delta variant now accounts for around 83% of the sequenced Covid-19 cases in the country, according to the Centers for Disease Control and Prevention.

“It is recommended that you wear a mask if you find yourself in an indoor situation where virus dynamics are high in the community,” Fauci said.

Fauci also said US officials are concerned they are seeing more breakthrough infections in fully vaccinated people in the US, even if they are milder cases.

“Of course we don’t want to see that,” he said, noting that the Delta variant is highly transferable. “This virus is very different from the viruses and variants that we have previously experienced. It has an exceptional ability to transmit from person to person.”

The portability of variants from the original strain has increased, and some have been shown to decrease the effectiveness of vaccines.

“Viruses don’t mutate unless you allow them to replicate and spread through the community. You give them ample time and opportunity to mutate and you have a new variant,” Fauci said. “The easiest, best and most effective way to prevent the emergence of a new variant and destroy the existing Delta variant is to have everyone vaccinated.”

In the United States, 99.5% of Covid deaths are now among unvaccinated people. “This is a statistic that speaks for itself,” said Fauci.

Despite the surge in new cases, Fauci doesn’t believe US officials will renew calls for a nationwide mask mandate “because there will be a lot of headwinds.”

Local counties and private companies may choose to enforce mask requirements as the delta variant spreads more widely in unvaccinated areas of the country. Currently, nearly two-thirds of counties in the United States have vaccinated less than 40% of their residents.

Colleges and universities have also brought the question of mandatory vaccinations to court. Indiana University recently got the go-ahead from a federal judge to require vaccines for college students entering the fall semester.

Fauci said he doesn’t see any comeback from lockdowns anytime soon.

“I don’t see that on the horizon right now,” said Fauci. “What I’m seeing is more tests and more local mandates and a lot of pressure to get people vaccinated.”