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

On Friday, May 25, the S&P 500 closed @ 1318, and that was...
  
    +0.6% ABOVE its 12-Month moving average which stood @ 1310.
    +2.4% ABOVE its 40-Week moving average which stood @ 1287.
    -3.7% BELOW its 10-Week moving average which stood @ 1369.


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