I’ve very carefully analized the charts of GE and I can confidently say that GE stock has strong support at zero.
All sarcasm aside, the loss of GE from the global landscape would be very disruptive. I think it’s not a canary in the coal mine, but a whole flock of them suddenly tipped over.
Meanwhile, 2700 on the S&P seems to be the line in the sand…so firmly drawn it looks more like a castle moat in the sand. Once breached all is lost!!
At least that’s how the price action might be interpreted.