Last week, we saw General Electric $GE complete an inverted head and shoulders pattern. We discussed the possibility of GE pushing towards $17.50. However, the market did not extend through the neckline of the bottom pattern and is instead retreating back towards the $14 mark, which is a key support at the moment.GE Daily Chart(click to enlarge)Bears in Charge?- The failure of price to clear through 15.40 shows that bears might still be in charge.- Price failed to hold above the 200- day simple moving average (SMA).- Now, $14 will be a key level because it was a previous support/resistance pivot as well as the site of the 100-day simple moving average.- The RSI is also at a critical level. If the market is still in the process of bullish reversal, the RSI should hold above 40, and price should hold above $14. - Otherwise, below $14, the market opens up the $12.75 low, as well as the prospect of falling back towards the $10 mark.