Intel Corp. (INTC) has been bearish in 2017. The daily chart below shows the market turning sideways at the end of 2016, and eventually breaking lower in 2017.INTC Daily Chart(click to enlarge)Consolidation:- Price was really consolidating sideways in early 2017, but turned bearish in June.- Still, the overall price action since July 2016 is a sideways consolidation.- In this consolidation scenario, the 32.75-33.40 area represents a key support/resistance pivot.- In other words, if we believe INTC is simply sideways and not bearish, then we should anticipate support as price approaches 33.- If price rallies and finds resistance around 36, which is the common support of a previous smaller consolidation range, then we should anticipate an eventual break of the year-long consolidation support, which would open up a bearish outlook in late 2017 and into 2018. - But for now, I would first focus on the potential support around 33.00.