CAT seems to be an objective short entry here for the reasons that i stated in this video overview of the set-up that i posted about 3 weeks ago. i had two scenarios, one showing CAT turning lower at that last resistance level and another possibility showing one last thrust higher to re-test the highs (which it just did) before topping. again, looks like an objective short here with a stop somewhat above that upper-most horizontal line (toady’s highs) on a closing basis, possibly even a weekly close above for swing-traders, as this trade has the potential to be a multi-week, even multi-month swing short. targets are the horizontal lines below on this daily chart, as well as the support levels marked on the weekly chart in the video overview of the trade.
