Will This Industrial Powerhouse Buck The Market Trend?
Share
Caterpillar (CAT) is forming a negative momentum divergence, broke a key trend line of support, and now appears to be putting the finishing touches on a possible bearish head and shoulders pattern. If this pattern confirms then there could be a significant mover lower for this industrial giant.
However, with the way things look his morning, the market overall looks bullish. This may give pause to putting on a bearish play right out of the gate, this is where patience comes into play. Check out my breakdown below so you know exactly what to be on the look out before today!
This breakdown is what the The Profit Machine is all about. I take my students through the ins and outs of options trading to try and give them a better understanding of the market. Every week, I take my students step by step through the options trading strategy I have used for years to consistently profit during any market. We also put on trades during the learning process, meaning you’ll also earn while you learn.
Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…
