GE Not Very "Technically Correct" On Columbus Day

On this Columbus Day, with the bond market closed with stocks open, one of Wall Street's iconic stocks from the Nifty Fifty, GE, is not very "technically correct," seen below on the quarterly chart. 

Simply put, GE is one of the few mega cap stocks in the market which remains in a long-term downtrend (lower highs, lower lows) since the turn of the century. 

Overall, the market looks ripe for somewhat of a breather.