S&P 500 & Nasdaq Analysis and Trends

[Stock]

TLT -- had trouble finding this chart -- Keeping an eye on Bill Gross -- looks to me like he has taken or is taking his profits past 2 weeks. I'm not sure that the this isn't a panic sellout. If the long bond is going to get support, who's it going to come from? I am thinking hard about that. $TYX and $USB are below.