Choppy action into a weak close.  The S&P500 ETF (SPY) bounced off the 21-day EMA, which is now key support.

Nike beats, up 8 percent in AH, with North America revenues strong and China weak.

The company’s [Nike] quarterly results show Nike’s strategy is paying off in North America, but it’s still facing weakness in China. North American revenue, which accounts for 40 percent of revenue, rose 18 percent to $2.55 billion. Revenue in China, which accounts for 10 percent of revenue, was down 9 percent to $635 million.

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