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The TLT ETF is showing a nice bullish divergence today on the 120 min chart above. If it moves higher then that would typically correspond with a move down in stocks.

Now longer term I think that bonds will fall, but the negative correlation has not really broken down yet between stocks and bonds. So in addition to the overvalued stock/bond ratio, this price pattern may suggest bonds move up from here (and stocks down probably). There is no confirmation of a move up yet though...I'm just noting the set-up right now.