CAT Trade-Idea Update

Yesterday I presented CAT as a trade idea that should come to you rather then chasing it. 

 Today CAT gapped up and is right now at a strong zone of resistance.

Here's yesterday's leading positive divergence, the idea was to let CAT bounce up a bit and get better short positioning on it. Right now the 5 min chart is falling behind a bit, but I believe this is largely because of the resistance zone it is now trying to overcome.  As I mentioned yesterday, if you like the trade, keep in touch and we'll keep an eye out for the reversal which should provide a high probability/low risk trade on CAT.