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

On Friday, September 23, the S&P 500 closed @ 1136, and that was...
  
    -8.3% BELOW its 12-Month moving average which stood @ 1239.
  -11.4% BELOW its 40-Week moving average which stood @ 1282.
    -5.3% BELOW its 10-Week moving average which stood @ 1200.


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