Walmart $WMT has been in a sharp correction since tagging $110 in late January. It is around $88.00 now, as we start the first full week of March. It is now testing the 200-day simple moving average (SMA).WMT Daily Chart(click to enlarge)200-day SMA:- The sharp decline did find some buyers around the 200-day simple moving average.- However, the fact price dipped so fast towards it suggests there might be further down to go.- I think if price does rebound but finds resistance around $90-$92, this bearish scenario should still be anticipated. - I would wait for a slide towards the $80-$82. WMT Weekly Chart(click to enlarge)