Crash Incoming 11?

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Another simple and yet concern chart, at least for me. An almost perfect inverse correlation, right? There is a (high?) probability that the blue line (TLT/SPX) is about to go up towards the yellow line (S&P500)? We will see...
Note
*concerning
Note
TLT / SPX bottomed; TLT breaking the trendline forcefully?

snapshot

Stay tuned.
Note
TLT/SPX could have recovered the resistance:
snapshot
Note
*I meant 'support' earlier

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