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

On Friday, May 18, the S&P 500 closed @ 1295, and that was...
  
    -0.9% BELOW its 12-Month moving average which stood @ 1307.
    +1.0% ABOVE its 40-Week moving average which stood @ 1282.
    -6.0% BELOW its 10-Week moving average which stood @ 1378.


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