"This has been a house of pain that has no institutional support. I'm confused," replied Jim Cramer to one caller who asked about Spotify Technology (SPOT) during the Lightning Round of his Mad Money program Monday night. Let's check out the charts and indicators of this digital music, podcast and streaming service to see what they may reveal.
Bottom-line strategy: SPOT could make a bounce to the upside but I would not put high odds on it happening. The current market environment is not one that can lift all boats.