Recent price action of Chubb Limited $CB shares show that bears are now in control, extending a bearish reversal that started in early 2018. CB Daily Chart(click to enlarge)Failed Bottom:- Price has been in a bearish correction mode since early 2018, after a completed double top. - Then, price started to flatten and show signs of a bottom by September.- However, price never really cleared and stayed above the 200-day simple moving average (SMA), and failed to push above a critical pivot at $141.25.- Then falling below 132.50 support was a key sign of bearish continuation.Another Bearish Continuation Signal:- After making a new low in October, price rebounded in early November.- However, price found resistance in the cluster of moving averages .Also, the RSI held under 60 after it already fell below 30 in October. - These are signs that bears are in control. - We should therefore expect price to retest the lows around $120.50. Next Pivot:- While it looks like a bearish continuation on the daily chart, this 2018 bearish trend is still just a correction against a long-term uptrend.- With that being said, we should probably anticipate support if price comes down to the $117-$118 area. - Finally, while this might be a viable target for the bearish outlook, it might not be a good place to anticipate a strong rebound given that the prevailing trend is still bearish in 2018. CB Weekly Chart