After a significant post-earnings decline this morning, GE's chart indicates a much higher probability that the stock declines; the next major support is the parallel bottom at the 285 level, in line with gap filling on the chart.

We will also cover General Electric and Raytheon, who announced their results yesterday after the market closed.

General Electric's earnings report was released this morning, and we saw a significant decline. This happened here on the chart with General Electric.

Therefore, this indicates that the probability of a decline in General Electric (GE) stock is much higher . The next major support level is the parallel bottom of the 285 level , which is perfectly in line with the gap filling on the chart.