TLT is still OB with very little energy left at this time (it may still go higher but very little as most of the price is built in).  SPY is losing steam rapidly and can fall into OS territory quickly next week or the following week. This will be the ‘spring’.

Plan is to play SPY rebound after OS (watch for SPY GHA at the open and VIX RHA). Rebound will be faster than recently (7-9 days only) as this will be a bear market rally. Once SPY crosses 195 it will officially become  a bear market.

Most likely TLT will also be RHA at the time of SPY rebound.  Money will flow into SPY from TLT at that time and TLT will fall.  Once TLT shows a turn (at RSI 60), back to TLT perhaps 3rd week Feb.