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

On Friday, September 2, the S&P 500 closed @ 1174, and that was...
  
    -5.7% BELOW its 12-Month moving average which stood @ 1245.
    -8.8% BELOW its 40-Week moving average which stood @ 1287.
    -6.0% BELOW its 10-Week moving average which stood @ 1249.


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