Caterpillar is often seen as a bit of a proxy to the strength of the market - busy undergoing a serious breakdown. Also seen a death cross lately where the 50dma crosses below the 200dma and now trading under both moving averages. Very little reason to be optimistic with this chart. If the triangle target plays out we could move to $182
Also, infrastructure bill is likely to be passed on the 27th. CAT will benefit from this more than any other company in the market. $220 target short term
Double bottom crystal clear on the monthly in the low 199s. Discouraging to see it close below $200 support but this will certainly move higher from here