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

On Friday, October 7, the S&P 500 closed @ 1156, and that was...
  
    -5.7% BELOW its 12-Month moving average which stood @ 1225.
    -9.5% BELOW its 40-Week moving average which stood @ 1277.
    -0.8% BELOW its 10-Week moving average which stood @ 1165.


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