After a bullish trend in 2017, Home Depot $HD has been in correction mode in 2018 after getting rejected at $208 a share in January. The daily chart shows that price came all the way down to just above $170, and held above the 200-day simple moving average (SMA). This suggested that the overall trend is still bullish. However, as price approached $192 last week, we suggested expectation of resistance and a subsequent dip. So far, that resistance has been holding strong. HD Daily Chart (click to enlarge) Resistance:- After price bounded up from the 200-day simple moving average (SMA), it also crossed back above the 100-, and 50-day SMAs.- The RSI also pushed above 60. These all point to a market that lost the bearish momentum, and could have shifted towards the bullish continuation mode.- However, bulls could not push through the key support/resistance pivot around $192. - After a couple of failed attempts, the 5/22 session candle was a bearish engulfing candle. This suggests at least some short-term bearish swing.Key Support:- I think if price indeed retreats, it would be very interesting to see if HD can hold above $180. - This is a key support because it was a previous common resistance of a rounded bottom.- A hold above $180 suggests a retest of $192. If price does rebound back to this resistance, I would expect price to push through and re-open the $200, then $208 targets.- A break below suggests downside towards $172.