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

On Friday, January 8, the S&P 500 closed @ 1880, and that was...
  
   -6.5% BELOW its 12-Month moving average which stood @ 2010.
   -8.3% BELOW its 40-Week moving average which stood @ 2050.
   -7.0% BELOW its 10-Week moving average which stood @ 2022.


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