CAT Caterpillar weekly chart shows the rising wedge in place, reaching an apex along with overbot conditions, and with the histogram and stochastics agreeable to a negative divergence spank down, but, the RSI and money flow were not. But a spank down did occur over the last three weeks to bring CAT off the top. The RSI and money flow want to see another matching price high again, however, so a move back up will occur to line up all the indicators with negative divergence and then she will be ready to roll over and sell off for an extended period. The price move back up can create a potential M Top.
As CAT rolls over moving forward, and the fact that BUCY is now becoming part of CAT, BUCY a proxy for China, that makes CAT a proxy for China now, and from this chart, well, simply enjoy the last of the good times, for CAT, and for China. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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