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Raytheon Technologies
Very quietly Nike breaks under $90
Traders have been calling for Nike (NKE) to run to $100 and beyond. No one was talking about NKE to break down. Running to $100 and beyond was conventional wisdom. You all know what I think of conventional wisdom by now. The "stop" was variously cited at $90-91. So of course, very quietly without being noted, NKE broke that level. I think that this will draw more selling.
However, NKE looks to have good support at $87-ish. I would target that level to set up a trade. I am