Double dip is off the table for now. The Friday up day has put an end to a double dip.

July 31 is the next candidate for SPY short. By then, SPY should be in an official bear market with 3 week down runs. The 200dma should reach 270 by end of june.

To short SPY, you need FPC+below 200dma.

To go long TLT, you need FPC + above 200dma. So buy TLT after 123 and May 14 close (second Monday) after cpi report on May 10. Sell date is 4th Monday in June or June 25.

Also weekly macd turning up for TLT but should cross in 8 weeks or

watch it here:

http://stockcharts.com/h-sc/ui?s=TLT&p=W&b=5&g=0&id=p29508740517

Last 3mo:

And bear market for SPY is about 4 months away given a 200dma at end of june (270):