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

On Friday, September 4, the S&P 500 closed @ 1921, and that was...
  
   -4.5% BELOW its 12-Month moving average which stood @ 2012.
   -7.3% BELOW its 40-Week moving average which stood @ 2073.
   -6.3% BELOW its 10-Week moving average which stood @ 2051.

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