At the end of last week, JetBlue (JBLU) broke below a rising trendline, thus opening up a bearish outlook. This week, the market is so far following through this breakout and selling JBLU shares.JetBlue (JBLU) Daily Chart(click to enlarge)Downside and Upside:- Price has now fallen below 20, but we might see support in the 18.50-19 area.- This is key suppport/resistance pivot area. - Since the market has been pretty much sideways since 2016, we should anticipate support at this key pivot, especially with the RSI under 30, showing oversold condition. - If price bounces off the 18.50-19 pivot area, we should at first limit our bullish outlook to 20 or at most 20.60. - A abreak below 18.50 would open up the 2016 low around 15.32.