GE, daily
A break below $19 opens up the low 18s, if that fails to hold, then a further dollar loss to $17 - which is the low from mid-December.
From a MACD (blue bar histogram) perspective, GE is due to go negative cycle at the Monday open. That should in theory be a sell signal to those nasty algo-bots, and so weakness should be seen in both GE and the broader market early this Monday.
The bigger bear target - and GE is certainly a good example, would be <17, a break of that level would open up the October 2011 low of $13.50 - around 25% lower than current prices.
Keep an eye on GE this week, it'll likely be a large sign post as to which direction the wider markets are headed.
