General Motors (GM) has been in a consolidation/bearish correction mode in 2017. The daily chart below shows a triple top followed by a bearish correction.General Motors (GM) Daily Chart(click to enlarge)Bullish Attempt:- The daily chart shows that the bearish correction continued until price hit 32.00, where GM found buyers.- After bouncing off of 32, price rallied to almost 35 before consolidating in June. Key Technicals:- Note that price is still holding below the 200- and 100-day simple moving average cluster. - The RSI has tagged below 30, and is still holding below 60, which reflects maintenance of the bearish momentum. - The daily chart shows that price is consolidating between 33.84 and 34.87.- I think if price holds below 35.25, the market is still bearish. - If price falls below 33.80, we should anticipate further bearish correction that might open up common lows at 31 and 30. - A break above 35.25 does open up a bullish outlook, but it will likely be challenged around 36-36.25, which is a key support/resistance pivot.