Caterpillar CAT Confirms Bull Trap and Tests November Lows
Caterpillar (CAT) announced today that it was laying off 20,000 employees, which sent the stock down to test the November lows and officially confirmed a Bull Trap that was sprung in early January. Let’s see Caterpillar (CAT) on the Daily Chart: I’ll leave the fundamental news to other websites and will only focus on the…