Here is the 30 year treasury long term chart. Price has hit the top of the channel from which previous reversals occurred.
Underlying Source: Stockcharts / James Craig
Below we see the commodities to 30 year treasury bond ratio which is back to the level at which historically commodities have been bought versus bonds.
Source: Stockcharts / James Craig
Next we see that Wall Street strategists’ recommended allocation to bonds is at a 15 year high and to equities at a 15 year low. The steep drop in recommended stock allocation not only exceeds the 2008/9 panic low but also resembles a capitulation.
Below are the global p/e ratios as at the end of June. Those in single digits are at secular bottom valuations.
Source: Megane Faber
Next, two charts courtsey of Tiho, which show that public opinion is at opposite extremes for silver and the US dollar, both at comparable levels to the 2008/9 panic lows.
Source: Short Side Of Long / Sentimentrader
And lastly, a chart showing there is internal strength to the recent up move in stocks, with cumulative advance/declines at a new high, that normally suggests new market highs ahead.
Drawing all together, the bigger picture suggests that an enduring move should be at hand away from treasury bonds and the US dollar towards commodities and stocks (particularly European), in other words a major rally in pro-risk and out of safe havens.