Applied Materials $AMAT has been in a choppy sideways market since late 2017. Before that, it was in a strong bull run. Perhaps, this choppiness is going to complete a rounded top and we will see a correction at least down to $40.Applied Materials (AMAT) Daily Chart(click to enlarge)Signs of Topping:- First of all, a simple eye-test shows that the market has turned sideways if not bearish yet.- Also price has broken below key moving averages and then treated them like resistance after rebounding. - Finally, the RSI has tagged 30 a couple of times, but failed to run back up to 70. This is a subtle sign that bears are in control.- Even if we don't get a strong bearish correction, we should anticipate a dip to the $40 area. - There might be support around $45 as well, but if price rebounds and holds under $50, the pressure would remain on $40.