A couple weeks back, we looked at Checkpoint Software Technologies $CHKP and noted that if price tripped $100, it would likely become bearish. Price did break below $100, and did extend lower to $95 before rebounding.CHKP Daily Chart(click to enlarge)Pullback:- The daily chart shows CHKP pulling back up after tagging $95.- Then, the market stopped the rally when price came up to $104. This is the middle of the previous consolidation range, and also where a falling resistance met price. - So far, the resistance here suggest bears are still in charge. A clear break above $104, along with the daily RSI pushing above 60, would signal a bullish reversal to at least test the $108 resistance pivot, above which the $116 and $119 levels would open up.- If price does NOT push above $104, we should anticipate further decline towards $90, where we can start to anticipate support because it is the resistance area of a previous consolidation structure.CHKP Weekly Chart(click to enlarge)