Let's start the week with a few charts:
Click for a larger image
The really big dip at the end of November (when prices dropped to the 74-76 range) really crimps the read of this chart. Without that dip I would call this a consolidation triangle. However even with that we have a declining trend line at the top of the formation and a declining average volume count at the bottom.
Click for a larger image
On this chart, simply notice the rally that started in late November is over.
Click for a larger image
On this chart, notice there is a lot of technical support in the 82-84 area.
Click for a larger image
Let's look at the SMA picture
-- Notice the 10, 20 and 50 day SMAs are all bunched up. This indicates a lack of conviction from either the bulls or the bears.
-- Prices are below the SMAs, but not by much
-- Volume has been decreasing for most of December
-- There is no firm direction either way from the SMAs
