$Nike (NKE.US)$ As I said, accumulation and now expansion made it clear that it was market manipulation. Knowing the 4 market phases is essential for this

$Nike (NKE.US)$ Wait

$Nike (NKE.US)$ Accumulation

$Nike (NKE.US)$ new 52wks low, lets DO IT!

$Nike (NKE.US)$ Have to wait for 67.5/65 levels now

$Nike (NKE.US)$ $2.77M in premium on a $90 SP put contract (UNUSUAL ACTIVITY). This is starting to smell like Smart Money manipulation. If that’s the case, we might expect accumulation before a potential breakout to the upside. Either way, nothing to do today—let’s wait and see what tomorrow holds for this baby.

$Nike (NKE.US)$ Don’t panic ; this is not a bad sign. As long as the price doesn’t break 70.75, the bullish trend remains viable.

$Nike (NKE.US)$ hmm is nike going to finally rise? or is this the start of another one of these fake pumps?

$Nike (NKE.US)$ If we manage to close today near 73, we will likely see the start of an upward trend toward 75. Let’s hope SPY supports us 🤞.