The broken correlation between Dow and GE gives a bearish signal?

Bearish signal is given by the broken relationship between US indices and the direction of movement of General Electric, one of the components of the Dow Jones index. The industrial conglomerate is among the most closely watched by the analysts.
Technical analyst Tom McClellan pointed late on Wednesday that there is a distorted correlation between the direction of movement of the blue chip index and General Electric, which is traditionally considered a "bearish signal".
As can be seen from the graph below, the two assets usually move in the same direction. On 20 April, however, this interconnection was broken. Since then, GE shares have fallen by 17%, while the Dow index rises by 7%.