Hubert Senters here.
Let’s take a look at Caterpillar. Stock symbol CAT. Qualifies as a decent looking short. It is below the cloud. It then closed back above the turning line and it looks like today it’s going to close back below the turning line which is what you want to see on an upward move and a failure and then closed back below the number. Let me give you the number.
There’s going to be $137.27 if it closes below that then it would make a pretty good short in my opinion. Everything else looks pretty good now. So if you do that the stop would be around $139.33, $139.57. Your initial target would be this most recent low at $132.95. That is Caterpillar potential short with a stop and a target.
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Good luck. Hope it helps. And I’ll see you on the next video.