Saturday, June 26, 2010
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday June 25th the S&P 500 closed @ 1077, and that was...
-0.7% BELOW its 12-Month moving average which stood @ 1084.
-3.0% BELOW its 40-Week moving average which stood @ 1110.
-3.7% BELOW its 10-Week moving average which stood @ 1118.
Therefore, the INTERMEDIATE-Term trend IS BEARISH and the LONG-Term trend is NEUTRAL.
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