Saturday, August 7, 2010
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday August 6 the S&P 500 closed @ 1123, and that was...
+3.2% ABOVE its 12-Month moving average which stood @ 1087.
+0.7% ABOVE its 40-Week moving average which stood @ 1114.
+3.5% ABOVE its 10-Week moving average which stood @ 1084.
Therefore, the INTERMEDIATE-Term trend IS NEUTRAL and the LONG-Term trend is NEUTRAL.
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