although my last update on the CAT short showed prices just slightly above T3 (3rd and final target), it had a small bounce from there and has now made a full tag of that final target today.  although i mentioned in that last post possibly adding some additional downside targets, i just don’t think the R/R to remaining short here is worth it.  for those that want to continue to swing CAT lower (based on the CAT video overview i did several months back making a case for a long-term swing short), those additional lower horizontal lines on these daily charts would be objective support areas to target.  however, i’m favoring at least a near-term bounce off T3 and might even take some CAT long for a quick trade/short hedge.  charts in order as posted for a quick visual of how the trade played out.