Bonds (TLT) are close to having a failed Trading Cycle here. If so, this would then likely lead TLT into it’s next 5-6 month Intermediate Cycle Low (ICL). My first chart is near term while the second shows the 6+ year trend which has been bullish.

Screenshot 2016-08-02 16.43.01 Screenshot 2016-08-02 16.31.31

Junk Bonds (JNK and HYG) have also met resistance.

Screenshot 2016-08-02 16.50.38