Kinder Morgan $KMI has been bearish in 2017, and looks similar for 2018. Let's review the bearish signals the weekly chart gave us so far in the past few months. KMI Weekly Chart (click to enlarge) Consolidation:- In 2016, KMI found support just under $12.00 a share and rebounded.- The rebound pushed price all the way to $23.00, but we saw price stall there. Also, the RSI failed to push above 70, barely cracking 60. This was a sign that bears were still in charge in the long-term.- Then, in July 2017, price rallied, only to be rejected by the previous range between 19.50 and 23. - Eventually price continued lower and found support at 16.70, a previous support/resistance pivot in 2016.- The rebound brought price near $20, where the market sold again. Basically, price held under the 100- and 50-day simple moving averages (SMAs) twice. - Meanwhile, the RSI held under 60. - Overall, price action looked like a rounded top. This type of price action within a downtrend reaffirms that bears are still in charge.- These signs reflect a bearish outlook. - As price tests the 16.70 area again, we should anticipate a bearish breakout, and an eventual drag back towards the $12 mark.