Sunday, May 9, 2010
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday, May 7 the S&P 500 closed @ 1111, and that was...
+2.0% ABOVE its 12-Month moving average which stood @ 1089.
+1.2% ABOVE its 40-Week moving average which stood @ 1098.
-5.0% BELOW its 10-Week moving average which stood @ 1169.
Therefore, the INTERMEDIATE-Term trend is NOW BEARISH, BUT the LONG-Term trend is BULLISH.
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