It was a day of moderate chop for Caterpillar (CAT), which settled -0.8% @ $98.26. Broadly though, CAT has seen a massive climb from the Jan'2016 low of $54.35. There is massive resistance at the psy' threshold of $100, but CAT does look on track for a hyper-bullish breakout.
For the hyper bullish out there, CAT is one of those key stocks that will need to breakout above massive resistance, for the multi-year main market rally to continue.
Its certainly not critical for CAT to break $100 by end month, March.. or even April. However, if CAT isn't above $100 by the early summer, that'd be a major problem.
Any monthly close >$100 will offer basic upside to $110. Its reasonable to assume 120/125 within 6 months of any such break >$100.
yours... bullish D10Ns
(see: https://en.wikipedia.org/wiki/Caterpillar_D10 )