Last month, we noted that Las Vegas Sands (LVS) was in a strong bullish market in 2017 and had the 70 level in sight. So far, price has cracked 66 but has since retreated to about 60 last Friday (7/14). It seems to have found some near-term support here. While price might still retreat further, we should note that 58-60 is a very key support area, so maybe we should think about the bullish outlook.LVS Daily Chart(click to enlarge)Support Factors:1) 60 is a psychological level and an established support/resistance pivot.2) Around 58, price would be challenged by a rising trendline.3) The 100- and 200-day simple moving averages (SMAs) are both around 58.4) When the RSI is around 40, it should turn back up if the trend is still bullish.A break below 58, with the RSI pushing below 40 and maybe to 30, would be a bearish signal. So until that happens, we should still anticipate a bullish outlook for LVS, with the 70 handle in sight.