now that the CAT short has broken below the 1st profit target level (T1) support, the odds of T2 being hit soon are pretty good.  charts are in order as posted with today’s updated chart last.  for anyone interested in this trade, it does hold the potential to be a much longer, more profitable swing trade based on the longer-term charts covered in this video overview i did of CAT back on feb 1st (click here to view CAT video overview).  although this video is a couple of months old, it is still very relevant and timely as one of the scenarios that i covered back then was the possibility of CAT pushing to test it’s prior highs before turning down, which is exactly what it has done so far.