$NKE TOP 20
Added 2023-08-27 20:41:57 +0000 UTC$NKE had the toughest week and in my last update I made it clear that it was unlikely to hold and a decision needed to be made whether or not you wanted to sell and cut your losses or hold until the buy zone is found and add to your position.
I am not seeing a lot of people talk about this so I can not gauge what a lot of people have done.
It certainly did not hold and it is working its way through the Fib levels now and since I consider that this whole structure is a corrective wave, I expect this to keep moving down to the buy zone at this stage.
The 50 Day has crossed through the 200 Day MA too, which is a bearish indication.
