CAT Distribution Trading Range About to Enter Markdown

CAT appears to be in testing its Last Point of Supply (LPSY) as it continues to fail to rally back inside the Trading Range. This Trading Range is particularly nice as it also illustrates the failure of its market to maintain support of the "ICE" (in our case the "ICE" is perfectly displayed by the 200 EMA). I grabbed a short on the last test of the 50 EMA and I'm now waiting markdown to take profit on my short.

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