Treasuries Topping or Set to Break Out

A few weeks ago I predicted that TLT would drop big time and it did, however TLT has bounced back much stronger than I had anticipated. I looked at TLT's chart and wasn't able to gain any insight into when (or if) TLT will begin to pull back. However I began browsing other bond ticker symbols and futures and noticed that the 10-year treasury futures (/ZN) are near a double top at 126'280. With the uptrend line (A) already broken, this makes for an excellent short setup on the 10 year treasuries.

However the fact that treasuries have been advancing while the S&P has largely traded sideways for the past week is a very bearish omen. In fact one could attribute the sideways price action in the S&P to the rise in bond prices. And by shorting /ZN I'm essentially betting on the rally to continue, which I'm not expecting.