I thought you were supposed to be this really sharp investor....I guess not.
Everyone who has been in stocks long has read (and observed) that when nothing is fundamentally happening to change the stock price---the price will drift down on low volume. Tech analysis then can influence the price when dictated by technical indicators.
In other words, nothing's happening, and the longer that lasts--the lower the price will go until TA encourages otherwise. For the time-being TA will control the price swings in the absence of substantive news.