Power Trading Radio - A Trader's Perspective On Investing In Stocks, Futures, Forex, Options Podcast

Globex, Elliot Wave & Dead Cat Bounce: Anatomy of a Trade

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Synopsis

Back at the helm, Merlin Rothfeld kicks off Futures Wednesday by looking back at the last 2 days of All-Star events he hosted and breaks down current market movements. Steve Bobbitt joins the program and introduces 3 topics which sound like something out of a Teenage Slasher Flick! Globex Futures, Elliot Wave and Dead Cat Bounce are 3 key elements that led to a great trading day for Steve today, and he walks us through all 3 components and the puts them together as he walks us through his trade. Later he lays out his thoughts on where the market is headed in the short term. PowerPick: SPY