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

On Friday, May 24, the S&P 500 closed @ 1650, and that was...
  
   +10.5% ABOVE its 12-Month moving average which stood @ 1493.
   +10.7% ABOVE its 40-Week moving average which stood @ 1490.
    +3.3% ABOVE its 10-Week moving average which stood @ 1597.


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