Acceleration Down In TLT Is Concerning

This is the point in the chart where I would have expected that we would have bottomed and begun the next major rally.  Yet, the market is accelerating lower right now.  Clearly, this does concern me.  So, I am going to want to see a sizeable bounce very soon, or I may consider heading to the sidelines for now.  Overall, the pattern still seems to be within the general parameters, other than a VERY extended 5th wave down here.  

As I have been outlining, I have been layering into this position.  As of now, I have about 35-40% deployed.  So, the drawdown is not terrible  But, I really want to see some evidence of bottoming very soon, or I may step to the sidelines until it becomes clearer or when we break out over 105.