I have been bearish on LULU, noting downside risk towards 36.50-37. However, price has rallied to challenge this bearish outlook as it is now testing a key falling resistance.LULU Daily Chart(click to enlarge)Resistance:- While, I am not very confident of the bearish outlook anymore, I am still not convinced that the market is bullish. - The daily chart shows a market that still has lower highs and lows (when talking about the major highs and lows. - Also, price is still holding below the 200-day simple moving average (SMA), and a falling resistance.- I think as long as LULU is under 60, the bearish outlook remains valid.- A break above 60 would clear these resistance factors and would convince me the market is NOT bearish, and rather sideways-bullish. - However, if price and the RSI develops a bearish divergence while price is still under 60, I would anticipate a pending bearish swing