Notice how it fell below the 10 wkma in late March.

Here it fell below in mid-April.Good news here is it’s getting cheap and valued thereby driving powerful bounces in Sep/Oct and Dec/Jan.

Both lines must X before TLT considered a bull again.

Monthly Gas transitions also indicate a change for/against TLT. For TLT started Jul 2014 and changed in Feb 2014. No negative gas monthly since Jan 2015.