Jerome Powell and the Fed gave us nothing this week - they gave nothing because they know nothing.
That left markets with no catalysts; nothing to rally on, nothing to tank on, either. What that looks like is a calm market, but this market isn’t calm…
…it’s coiling up. Like a trap. This stagnant S&P 500 is a trade-war Tweet away from a 200-handle move. Just what direction that move will take, well, that’s up to the trade war.
Bulls and bears are a misstep away from walking into a buzzsaw.
In a market like this, which I’ll show you in a second, I’m leaning hard into butterfly spreads and my special “catapult” moves.
Let me show you what I mean here…