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

On Friday, August 19, the S&P 500 closed @ 1124, and that was...
  
    -9.6% BELOW its 12-Month moving average which stood @ 1243.
  -12.8% BELOW its 40-Week moving average which stood @ 1288.
  -11.4% BELOW its 10-Week moving average which stood @ 1268.


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