Saturday, October 23, 2010

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


On
Friday October 22 the S&P 500 closed @ 1183, and that was...
  
   +7.5% ABOVE its 12-Month moving average which stood @ 1101.
   +5.7% ABOVE its 40-Week moving average which stood @ 1119.
   +4.7% ABOVE its 10-Week moving average which stood @ 1130.


Therefore, the INTERMEDIATE-Term trend IS MODERATELY BULLISH and the LONG-Term trend is BULLISH.

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