Still Testing?

Is Caterpillar and the overall market (including the semis) going to start next week attempting to move higher?

AMD has been covered over the past several days; like CAT (below), it looks like there could be some upside to test and/or closing of chart gaps (not advice, not a recommendation).

Caterpillar CAT, Daily

The spike higher (on earnings) to resistance could have already been the culmination of the move (from the recent lows) or just the initial sign of demand.

The chart shows, during the downside retrace, volume has contracted three consecutive days, indicating there’s potential for some subsequent action higher (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279