Bed Bath and Beyond (BBBY) was bearish heading into the year but started to hold the line around 41.40. BBBY Daily Chart 10/10(click to enlarge)Descending triangle:- By now, we have seen this 41-42 area tested several times and it continued to offer support for a descending triangle.- Essentially we have a market that is trading sideways with some bearish bias. - With the fact that the prevailing trend was bearish, we should tempter expectations of the October rally so far. Engulfer at Resistance:- Note that last Thursday (10/6), as price moved to the descending triangle resistance, the daily candle finished as a bearish engulfing candle.- This reaction suggests that the market is still bearish and BBBY might have to test the 41-42 area again.