American Express $AXP has been resilient to overall market risk, but I think it is also entering a period of consolidation.AXP Daily Chart(click to enlarge)Bullish Prevailing Trend:- We should note that there is a prevailing bullish trend since 2016, from lows around $50 to a high around $114.55 in November, 2018.- It should be noted that in the first half of the year, price action was choppy, but still bullish. There was a bit of a stronger bullish push in September and again in November.- Note that price is now testing and cracking the trend's rising trendline support around $104.Bearish Signs:- There aren't any strong bearish signs, but there are some signs that bulls are losing control.- We saw the RSI failed to push above 70. This suggests a lost of bullish momentum.- We know general market risk is high at the moment.- They key bearish signs still lay ahead.- A break below $100 would clear both the 200-day simple moving average (SMA), and a previous low. This would break the pattern of higher lows. - The RSI should also tag or dip below 30 in the bearish correction scenario.- If price does break below $100, there would be downside towards the 2018 lows in the $87.75-$90.00 area. - Failure to break below $100 would suggest AXP is in a relatively sideways consolidation instead of a deeper bearish correction.