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Big movement expected on General Electric Co. after a breach of the support

General Electric Co. has broken through a support line of a Rising Wedge and suggests a possible movement to 100.35 within the next 20 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 19 days.

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After testing 132.8750 numerous times, 10 year US Treasury Note DECEMBER 2021 is once again approaching this price point. Can we expect a bearish trend to follow?

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