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

On Friday, August 26, the S&P 500 closed @ 1177, and that was...
  
    -5.9% BELOW its 12-Month moving average which stood @ 1251.
    -8.6% BELOW its 40-Week moving average which stood @ 1288.
    -6.5% BELOW its 10-Week moving average which stood @ 1258.


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