Trade Idea: RS (short)

This trade should do good with a falling Euro as well as the macro-economic climate in China.

 RS breaking the trend line.

 This looks like a much larger top pattern and the recent rally would be the top of the right shoulder, which is a pretty good risk:reward entry area.

 My cumulative volume indicator confirms a top as volume falls off during rallies and increases during declines.

 Initially the 2 day Trend Channel should work, the current stop os about $56.00

 The 30 min 3C reversal.

The long term 3C chart.