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

On Friday May 21st the S&P 500 closed @ 1088, and that was...
  
   +0.2% ABOVE its 12-Month moving average which stood @ 1085.
   -1.5% BELOW its 40-Week moving average which stood @ 1104.
   -6.5% BELOW its 10-Week moving average which stood @ 1163.


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