We saw a deep retraction in the stock markets during the 8/5 session with the S&P500 dropping 87.31 (-2.98%), Nasdaq by 278.03 (-3.47%) and the Dow by 767.26 (-2.90%). This could set up a buy-the-dip opportunity for some names. I think VMWare $VMW is such a name. VMW Daily Chart (click to enlarge) Bull Run and a Correction:- As you can see on the daily chart, VMW is in a secular bull run since 2016. - After pushing above $200, price has been retreating. - With the general market in decline as well, it is now extending that bearish correction below the key support pivot around $165.Key Support:- I think the $150 area will be key support.- The market will be seeing a rising trendline here.- It is also the middle of a previous consolidation range. - Meanwhile, the weekly RSI is right around 40. In a bullish trend, it should hold most above 40. I had exposure in VMW with an entry just above $165. I just added more exposure around $155. I have one more bullet at $140 if price extends lower in an overall bearish market.