Short

NKE Key Break

Updated

2 days ago

Multi-year Channel Breaking key area at $120 last time this broke we were in a recession and then Covid hit.
A reminder the US entered a recession PRIOR to covid in FEB 2020. most don't know that. Will this time be
different? Do we need a recession for stocks to drop? I will answer these questions in the next video.

Note

Still bearish

Note

Nothing has changed. Still bearish after a year plus.

Note

Another great call!

Note

BAM! Another great call! Now down -38% Since I made the call.

MAGIC!

2 days ago

Trade active

it has been six months since my last update and the situation looks grim for NKE

We now have a Big Ars H&S pattern and the company has lost over 57% of its total value.
I believe NKE will likely lose 2/3 of its value or more when (not IF) we hit a recession and its all said and done.

I would not initiate any short position here. However, those who are trapped in a bad trade and smoking
the HCP (Hopium Crack pipe) be ready for more losses.

Those who are trying to bottom pick I believe you will have much better opportunities to look elsewhere.
If the stocks collapses 75% or more then you could start to build a position if you like it so much.

RealMacro

Real Macro Economic Investing
patreon.com/Realmacro

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