$NKE declared a 0.37c dividend this week and the market liked it....price bounced out of the drift down danger zone to a lower Fib and regained the 0.618 Fib and may make an attempt to test the 50 and 200 Day MA above at $107.
Flipping these levels to support will be a massive win for the bulls and put the impulse wave back as the front running option.
Any rejection at these levels and Wave C remains in play.