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

On Friday July 23rd the S&P 500 closed @ 1103, and that was...
  
   +2.0% ABOVE its 12-Month moving average which stood @ 1069.
   -0.8% BELOW its 40-Week moving average which stood @ 1110.
   +2.1% ABOVE its 10-Week moving average which stood @ 1098.


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