TLT in SHS soon at neckline

TLT bubble about to burst in august or september?
2 options the way I see it:
1) Dead cat bounce and a break of neckline.... Will give the SP a 5th wave up if so then SP is in a wave 4 (pennant) correction right now.
2) A head test of the SHS.... and the SP will have finished it's A-B-C move from 666,67 and is heading down again.

Your choice gents! Safe trading!
BM