DEAD $CAT.
Bearish on CATERPILLAR INC. Price just reached a previous support zone and failed to break above [1h Double Top] so Im going to assume it will act as a resistance zone and be looking for this to playout as a large retest after its previous rally. Usually this rising wedge pattern plays out by returning back to the bottom but with the 
VIX being $2 short of $30 I womt assume that due to the amount of chop that could be experienced in the way down. Ill be looking for exit majority of position @ 173.11 and the rest @ 168.
VIX being $2 short of $30 I womt assume that due to the amount of chop that could be experienced in the way down. Ill be looking for exit majority of position @ 173.11 and the rest @ 168.
Penafian
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