GE - bear flag, but momentum turning up

General Electric is displaying a clear bear flag on the daily cycle. If the bears are going to see the market break lower in the days ahead, they'll likely need to see stocks like GE break and confirm such flags.

GE, daily

Bears really need to see GE break the flag, and also the $18.50 support level. If that can be done, then first target is $17 and then low 16s.

From a MACD cycle perspective though, GE is due to +cycle either tomorrow or Thursday. That would argue against the bearish case.