[GE] breaks critical support of current model.

Backlink.  I like to keep the GE model in mind since it has been working well for me not for weeks but months now.  If my count is correct, pink 1 was 1 of 3 and then the rise to ~24.50 was 2 of 3 and now we should be working on 3 of 3 down.  Selling must accelerate if this model view is correct.  3rds of 3rds do not meander.  They hustle.  They leave no doubt that they are motive.  So far the chart meets that description and today the action on my GE puts is suddenly jumping into the green after no option buying activity there for a couple weeks.

If GE continues to sell off hard, UVXY might just break out right here and now instead of finishing off the 4th wave HT.  We are very close to a decision point there right now.