This earning season has been making the market very shaky. We saw big dips in TWTR, FB, and NFLX. We had some winners too, like YELP and TCS.Zillow $Z was another victim of a disappointing earnings report. According to the Motley Fool, despite continuing growth, a scaling back of guidance caused the market to shed Zillow, selling off from above $58 to about $49 a share. Z Daily Chart(click to enlarge)Support:- The dip brought price straight to a critical support around in the $48-$50 area. - Here price is right around the 200-day simple moving average (SMA) as well as a rising trendline.- The RSI is now in the over sold area. If the medium to long-term market is still bullish, we can start to look for support.- Furthermore, the weekly chart shows the RSI at 40. If the weekly RSI holds above 40, it would be a sign that the bullish momentum in the long-term is still in play. - Now, I don't think price will simply rebound from here into new highs. The recent dip might be followed by a period of choppy consolidation.- During this consolidation phase, we can anticipate some upside, but should also limit it to the $55-$57.50 area. Zillow Weekly Chart(click to enlarge)