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

On Friday, January 8, the S&P 500 closed @ 1922, and that was...
  
   -4.7% BELOW its 12-Month moving average which stood @ 2016.
   -6.5% BELOW its 40-Week moving average which stood @ 2056.
   -5.9% BELOW its 10-Week moving average which stood @ 2043.


Therefore, the INTERMEDIATE-Term trend is DOWN
and the LONG-Term trend is DOWN.