Monday, May 9, 2011
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday, May 6, the S&P 500 closed @ 1340, and that was...
+7.9% ABOVE its 12-Month moving average which stood @ 1247.
+8.5% ABOVE its 40-Week moving average which stood @ 1235.
+1.2% ABOVE its 10-Week moving average which stood @ 1324.
Therefore, the INTERMEDIATE-Term trend IS BULLISH and the LONG-Term trend is BULLISH.
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