IBM failing to push above $162 a share last week suggested that bulls are weak in this market. The bearish action this week suggests we short-term bulls have capitulated, so we should expect some bearish price action at least in the short-term (a week or two).IBM Daily Chart(click to enlarge)Bearish Signs:1) The failure to push above $162.2) Price failing to clear above the cluster of 200-, 100-, and 50-day simple moving averages (SMAs).3) The fact that the RSI is still holding under 60 (after being able to tag 30 earlier in February). 4) Price action seems to have broken a rising trendline from February, though we can draw a different support line that has only been cracked. - These signs, combined with the the fact that the overall market is bearish-neutral, suggests that we might see some short-term bearish swing.- A break below $155 would be a clearer bearish signal.- The bearish outlook puts the $147.50-$148.