Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis

On Friday July 16 the S&P 500 closed @ 1065, and that was...
  
   -0.9% BELOW its 12-Month moving average which stood @ 1075.
   -4.2% BELOW its 40-Week moving average which stood @ 1111.
   -1.6% BELOW its 10-Week moving average which stood @ 1082.


Therefore, the INTERMEDIATE-Term trend IS BEARISH and the LONG-Term trend is BEARISH.