We recently proposed that Cisco $CSCO was going to complete a price top and enter a period of bearish correction/consolidation. Cisco Systems (CSCO) is Topping This TimeIndeed, Cisco topped, and reached our projected target in the $40-$41 area. Then it started to rebound.CSCO Daily Chart(click to enlarge)Resistance:- Let's assume Cisco is still in consolidation mode and that the rebound from $40 area is not the start of a bullish continuation swing.- This assumption is intertwined with the prediction that the general equities market is not out of the woods yet and will continue to consolidate at least in the first quarter of 2019. - Given this sideways to bearish view on the general market, we would limit the upside for CSCO.- I would start anticipating resistance right around $44.- Note $45 is in the middle of the 200-, 100-, and 50-day simple moving average (SMA) cluster.- The $46-$46.50 area is also a key support/resistance pivot area, and is where I would cap any bullish outlook for now.- Furthermore, if the RSI approaches 60, we should also anticipate resistance. Downside Risk:- If price indeed turns down from this $44-$46 area and the RSI does turn down before clearing above 60, we can anticipate further bearish correction. - Then, if price can make it back down to $40, I think CSCO would be able to break lower towards the next key support in the $37-$38 area.