As you can see from the 9-month chart of General Motors (GM), this recent pop up has been short lived, and GM is now headed back to the previous support level at 18.25 - 18.50:

You can expect a bounce off of this support line. If there is no significant bounce, GM could be headed into a severe downtrend. This could create some good swing trading opportunities.

Andy Swan is co-founder and head trader for DaytradeTeam.com.  To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.