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Jim Cramer's 'Mad Money' Recap: Is the Bull Resting or Out the Gate?

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Every bull market eventually comes to an end, Jim Cramer reminded his Mad Money viewers Wednesday. The only question is, does the bull just slow down to catch its breath or come to an abrupt halt?

Cramer said the S&P Proprietary Oscillator, a paid metric he's relied on for years, is topping "10," an extremely overbought condition. That means that discipline is needed to start trimming positions and taking profits.

The bull may wind down slowly, for which everyone is hopeful, but there are a few trouble spots investors need to keep an eye on. The first of which are the banks, with JPMorgan Chase (JPM) reporting Thursday. Cramer said JPMorgan could disappoint, which would send the markets lower, or it could post earnings that are too...