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

On Friday, August 5, the S&P 500 closed @ 1199, and that was...
  
    -4.4% BELOW its 12-Month moving average which stood @ 1254.
    -7.1% BELOW its 40-Week moving average which stood @ 1291.
    -7.4% BELOW its 10-Week moving average which stood @ 1295.


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