The share price of Walmart $WMT has been in correction mode since it tagged $110 a share in January. After falling to about $85, price started consolidating sideways as we can see in the daily chart.WMT Daily Chart(click to enlarge)Market Bearing Down:- The daily chart shows that the slide since the January high was sharp and decisive. - It broke below the 200-, 100-, and 50-day simple moving averages (SMAs) .The RSI was pulled down below 30. - These are signs that the market has turned bearish.- Furthermore, looking at the structure of the current consolidation range, we should not rely on the 84.90-85 range support. - Note that the general market sentiment is slightly bullish during the 5/7 session, so WMT's slide is concerning.- I think there will be a break below $84.90, leading to a slide to $80, which is in the middle of a previous consolidation range.- For now, I would keep the bearish outlook not lower than the 77.50 pivot.