Nike's stock (NKE) returned lower with a 0.40% loss, amid the dominance of the downward correctional short-term wave, while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 122.20, provided the resistance of 136.25 holds on.
Expected trend for today: Bearish