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The Treasury market is now moving lower. Prices have broken through the lower line of a consolidation triangle and are flirting with the 200 day SMA. Prices rose from the sell-off but ran into upside resistance at the 20 day SMA. Also note the bearish orientation of the SMAs -- the shorter SMAs are below the longer SMAs and all the SMAs are moving lower.
The TLTs have a similar pattern except they broke through the 200 day SMA earlier. This illustrates a key point of market analysis: watch all four markets (equities, bonds, commodities and currencies) and watch the important subparts of each group. It may seem like a lot of information, but one you get use to it it can provide valuable insight into what is happening.