Zillow $Z has cracked a rising trendline and is now testing a support pivot, which was the April low, at $46.30. From the weight of the recent dip, it looks like we will see further downside towards the next key pivot around $40. Zillow Weekly Chart (click to enlarge) April Support:- Zillow looks bearish from the weekly chart.- Also, the overall market appears to be taking some steps back.- The combination of factors suggests the market will not be supporting Zillow here above $46.- Let's see what the market does by the end of the week. - If price closes below $46, I think we will see price in the $37.50-$40 area before seeing support.- If price holds above, we should monitor the $50-$52 area. If price finds resistance here, we still might have downside towards the $37.50-$40 area.- A rebound from $46 back above $52 suggests upside towards the $57.50-$60 area, with implications of bullish continuation.- For now, I would prefer focusing on the bearish outlook, and wait for Zillow to be oversold on the weekly chart (with the RSI at 30). - With the weekly RSI around 30 and price around $40, I would be more comfortable considering a buy.