CAT In "Healthy Overbought" Condition
CAT-- still looks like it has unfinished biz on the upside into the 145-146 area next, within the current near-vertical advance after breaking above multi-year resistance in the vicinity of 116.50. Yes, CAT certainly is overbought, but my work considers momentum in a "healthy overbought" condition, rather than a divergent overbought condition. Usually a healthy overbought condition suggests that higher-highs will be forthcoming prior to the onset of a significant correction.
Only a break that sustains beneath 129.40 will disrupt my current outlook. Last is 136.29