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

On Friday, September 30, the S&P 500 closed @ 1131, and that was...
  
    -8.6% BELOW its 12-Month moving average which stood @ 1238.
  -11.5% BELOW its 40-Week moving average which stood @ 1279.
    -4.0% BELOW its 10-Week moving average which stood @ 1178.


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