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

On Friday, February 19, the S&P 500 closed @ 1918, and that was...
  
   -3.9% BELOW its 12-Month moving average which stood @ 1995.
   -4.4% BELOW its 40-Week moving average which stood @ 2006.
   -0.9% BELOW its 10-Week moving average which stood @ 1935.


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