This has been a relatively quiet week. The S&P500 for example was recovering sharply until this week. Then after the Fed minutes, it looked like the equities market ran out of fuel. Meanwhile, we also noted that Palo Alto Networks $PANW was approaching a key resistance around $167 a share. The fact that general market sentiments stalled probably contributed to the $167 resistance holding strong.PANW Daily Chart(click to enlarge)Downside:- The thing is, the prevailing trend is bullish. So, we should probably limit the bearish outlook.- The 156-157 area for example is a support/resistance pivot. We can anticipate a dip to this price, but don't be surprised if the market picks up PANW here.- Even if price dips to 150, PANW would still be considered bullish.- However, a break below $149 should not happen if PANW if on a bullish trend to break above $167. - This means, if PANW eventually holds above $150, and then challenges the $167 area again, we should NOT rely on this resistance, and instead anticipate a bullish breakout.