“Tech Pressure Continues: NVDA Weekly Topping Tail Signals Pullback”
GE has formed an M pattern, so rallies to ~$338 face stiff resistance, and a bounce after breaking its April 2025 rising trend line must clear ~$321.7. A two-day bounce from the 382 fib retrace could be a near-term base to retest that trend line, with $300 and ~$288 support and a wish to own GE at a discount.
Uh, next up with GE guys. Now, GE, as you know, has been helping to power the build out of all of this um AI data centers, and this is they're using a lot of GE aerospace engines. It's really quite amazing.
But you can see here from the uh big parallel that we've been in with GE, we've nearly been just going straight up. Yeah, we've had some pullbacks, but then we just continued rallying and moved right up.