There are two different targets on this bat. First one is at the first test of the 0.886 extension (97.38). The second would be if it decides to test the entire PRZ at fib 2.0 (99.48). U shaped volume as well as bullish divergences.
I'll be looking for a entry Tuesday morning (9/4/2012) in the 85's.
I'll be running a tight stop @ 84.25
The S&P is at a critical level and will make a decisive move to one direction
or the other. We should find out which way this week.
CAT needs a strong market/economy to make a move into the
upper box.
