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

On Friday, January 22, the S&P 500 closed @ 1907, and that was...
  
   -5.3% BELOW its 12-Month moving average which stood @ 2014.
   -6.8% BELOW its 40-Week moving average which stood @ 2046.
   -5.1% BELOW its 10-Week moving average which stood @ 2010.


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