In the Jaws of an Important Market

The close in TLT should be an interesting one today, as this mornings reversal saw price rally up to the declining 20-period moving average (orange line) on the 30-minute chart, below. 

While it seems like the selling tide has turned for now, TLT is barely green as I write this. 

And the correlation between stocks and bonds seems to be more direct these days, eschewing the stereotypical inverse movement, to be sure.