Potential Nike bounce at major multifactor support; earnings likely bad but expectations are rock bottom.

So, for instance, Nike, right? Nike is basically at multi-deade lows, at 52- week lows. It has been a horrendous performer. And so, what you see into quarter end is window undressing where institutional money managers sell if they were holding Nike, they dump Nike into quarter end because they don't want to show it to the clients that they were in it.

So for me, what am I looking at? I'm looking to potentially, you know, for a Nike bounce, which is at major multiffactor support. In addition, Nike has earnings after the bell today.

So, this will be very interesting for Nike. Nike is actually down a little bit pre-market, but a name like this, and listen, I'm not going to pretend to know what Nike's earnings are going to be.

They're probably going to be pretty bad. So, maybe it does go down on earnings. We'll have to see. Expectations are rock bottom, but the point is is that you had window undressing in names like this and other names that probably see a snapback at the beginning of this quarter.