Last week, I was a bit ahead of myself, calling for a bullish outlook for GE in the short-term. I noted that price looked poised to push above the 30.50-30.60 resistance area. And if it did, there would be upside to 32.00 to test another key resistance. GE Daily Chart (click to enlarge)Bearish Bias:- Instead of breaking above 30.60, price retreated. - Note that price remains under the 200- and 100-day simple moving averages (SMAs). This suggests bearish bias.- Also, note that price has broken below the engulfing candle that gave me the bullish outlook in the first place. This reversal says a lot about the strength of bears at the moment.Range Support:- The 29.25-29.50 area is going to be a key support area. Bearish Targets:- If price breaks below 29.25, it has a chance to slide towards 28.20 and 27.10. Right now, we should not look for a bearish outlook lower than 27.00. After all, GE looks bullish long-term but sideways in the medium-term. In this mode, it might be prudent to wait until price pushes to a key support area. In this case, it would be between the 27.00 handle and the 28.20 pivot. GE Weekly Chart 3/14(click to enlarge)