GE Update

In my last GE update, I modeled it as hitting the lower rail and then taking a pause.  That's pretty much where we find the chart today as you can see from the updated model below.  Of course, we assume it will take the power of a 3rd wave to break down that lower rail.  Thus, the GE chart suggests one final little push upward for the markets which will take GE into its 2nd wave around the level of its prior 4th. 

After that, perhaps after the option markets have all gotten to max pain, then we can see whether or not this lower rail is going to hold.  By the way, the orange line got moved.  Imagine it moved back down to touch the peak at the left without changing its slope.  That would have the GE chart testing it from below in the next day or two.  That line was resistance.  When it broke out (momentarily) it became support.  After the breakdown it is now resistance again.