Saturday, June 12, 2010
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday June 11th the S&P 500 closed @ 1092, and that was...
+0.5% ABOVE its 12-Month moving average which stood @ 1086.
-1.5% BELOW its 40-Week moving average which stood @ 1108.
-4.0% BELOW its 10-Week moving average which stood @ 1137.
Therefore, the INTERMEDIATE-Term trend IS BEARISH and the LONG-Term trend is NOW NEUTRAL.
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