CAT Short
Flipped CAT to a short idea (or put play).Hanging on to horizontal support. If it breaks, likely tests 200 day SMA which is about 10 points below.
Note
Play is still valid since yesterday's bullish candle is somewhat negated by today's bearish candle. Not fully engulfing though. But market is weak. Possible downside trigger level may be breached in next 2 days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.