I believed TLT is overbought in the short term.
Looking at the parabolic rise and that it may break the support, I have a speculative Sept 110 PUT on TLT.
My bet is that it will break support within 1 week.
However, given the volatile market conditions and the bigger economic concerns from Europe, Libya etc, I am keeping a close watch on it with a tight stop lost in place.
Note: This is a speculative move on my part. There is no confirmation from the chart that TLT has turned bearish.