GE, daily
Summary
Many of the heavy industrials are really struggling since the two day hyper-ramp. GE is already back to levels seen on New Years Eve, and if the 200 day MA @ 20.30 fails to hold, then a move to test the November lows , around 19.75 seems likely.
With huge corporate giants like GE struggling, its a probably a confirmatory sign that the broader market will similarly fall lower in the coming few days.
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It will be fascinating to see what happens to the main market if GE does break into the 19s..and keeps on going.
In fact, it would arguably be a key warning that the sp'1398 low will be in serious jeopardy.
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GE has Q4 earnings, pre-market... Friday Jan'18th
