i'm no genius, but being a RTM trader mostly you have to have the radar that says it is a trend day. and my friends it is a TREND DAY DOWN. no buying or fingers get burnt.
Very nice noone. I would have gotten out at 46 as well. I wouldn't risk retracing 4 pts for 1 or 2 more points from here, unless of course you wanted to wait longer time frame.
50-56 is an obvious short zone....gonna be interesting to see how it materializes. May not even poke 49 to pick up some chasers.