Xilinx Inc. $XLNX has been in a choppy consolidation since price surged to $140 by late April 2019. We can see on the daily chart that price retreated sharply, but found support just under $100. It is apparent now that there is a support/resistance pivot in the $95-$98 area. However, this time around, I am not so confident it will hold.XLNX Daily Chart(click to enlarge)Bearish Signs:- The first sign that bears are now in control is the fact that the high in July was around $132, failing to challenge the 140 high in April. A lower high by definition and without any context is bearish. The context here is that price is consolidating, so we can say that price has turned neutral-bearish after the prevailing bull run.- The bearish component has since dominated as price was held under the cluster of moving averages, most important the 200-simple moving average, since August. - And most recently, the previous week closed with a strong bearish move that is threatening the support. The relatively strong volume is also a warning for me to NOT rely on the $95 support. - Instead, I am thinking of buying XLNX until price falls into the $78-$83 area - around $80. - The overall market looks primed for consolidation if not a sharp bearish correction. In this environment, I have been rotating out of the market into cash, looking for dips to buy on.