General Electric $GE has been described as "dead money", and rightfully so as its share price action has been bearish since mid-2016 when price peaked around $33. This month (Sept.), price tagged $11.20 before sharply rebounding, with relatively strong volume. But I am not getting that excited about a rebound just yet. GE Daily Chart(click to enlarge)V- Shape Reversal?- The sharp rebound from $11.20 gives the appearance of a v-shape reversal.- A reversal could still pan out, but so far we saw strong rejection around a previous support/resistance pivot around $13.00. - If $13 holds, bears are still in charge, especially if it closes a week below $12. $14 is Key:- While not pushing above $13 is a bearish sign, I need to see a break above $14 before considering a possible bullish reversal scenario. - $14 would is the middle of a previously broken sideways range. So a break above is the minimal requirement for me to consider the prospect of bulls taking over.- Also, a break above the 200-day simple moving average would improve the case of a market that is NOT bearish. - Finally, we would also want to see the RSI push above 60 to show loss of the prevailing bearish momentum. I think we won't get that unless price pushes above $14.- It would be even better if the RSI goes above 70, which would show establishment of bullish momentum. For now, we should remain bearish on GE. And if price closes below $12, we can anticipate further downside to $10.