Trying to Figure Out Bond Market Movement

The bond market looks like it is reaching it's peak overbought condition in the short term. This might bring some stability to the stock market. I am closely watching the 50 DMA line which is flat and might reverse it's trend to start moving higher. I would sell TLT in the short term and buy on dips. I will watch for a break in the downtrend line I highlighted which will indicate a bullish move to the upside.