Bonds - Has The Uptrend Been Broken

Above is a daily chart of the bonds (TLT) and as you can see the uptrend line which began last April has been broken.

The bonds have been in a steady uptrend since last spring making a series of higher highs and lows. Over the past few days the bonds have been trading below their uptrend line which in my opinion is a sign that the money is now moving back out of the bond market. Keep in mind that the breaking of the uptrend line coincides with the S&P breaking out of its trading range. Having said that it appears that money is now moving back into stocks and out of bonds, at least that's the way it appears at the moment.