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

On Friday July 2nd the S&P 500 closed @ 1022, and that was...
  
   -4.3% BELOW its 12-Month moving average which stood @ 1069.
   -7.9% BELOW its 40-Week moving average which stood @ 1110.
   -6.9% BELOW its 10-Week moving average which stood @ 1098.


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