Update on Bond Fund

I sold all my long-term bond holdings today in my 401k, the reason I sold it is because the price has gone side ways and in a holding pattern for 2 months, but TLT (10 year US bond) which my bond fund has pretty much mirrored in terms of price patterns, spiked down in last few days breaking its 50-day moving average, so assuming that TLT serves as the early indicator of price action, I am predicting that long term bond funds will resolve the downside as next price action, therefore selling all the shares now.