$NKE TOP 20
Added 2023-07-02 19:51:01 +0000 UTCSlight miss on earnings but revenue and margins increased from their report on Thursday, the market initially did not like this report but $NKE recovered well as the overall market had a good finish to the week.
Below $103 and the count becomes invalid and certainly below $100, I believe this is at risk of coming down to our blue line and completing Wave C shortly instead of next year as projected......as a long term holder of $NKE, this would be great, so we can buy under $82 in the buy zone and catch the start of the impulse wave.
However, this will mean taking a hit for now in the short term. This is only the worst case scenario.
The structure is still in place here right now and and even if this pulls back to $105 and holds, this will likely mean that Subwave 2 of Wave C is now complete and this will continue higher.
$NKE dividend payment is on July 5th, so this is a welcome payment as we wait to watch the price action unfold.
