It may not be the end-all, be-all market “tell,” but I would be remiss to not point out that General Electric has now decisively lost its key, long-term $23 breakout level which I pointed out earlier this year. You are talking about a major Dow component with industrial and financial exposure, among other sectors.
Furthermore, observing the daily chart below, the stock likely needs at least some time to heal before turning back up, even if it fails to break much lower. Note that as GE has previously held the $23 area, the broad market at-large was permitted to continue to push higher yet.
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