SP Hasn’t Said Its Last Word YetUS SPX 500OANDA:SPX500USDGeOrgeLubarskiThe S&P index is still in an uptrend. The intraday momentum, based on the chart, has shifted toward the short side. However, when looking at slightly higher timeframes, we are still in an uptrend. I never trade against the trend or against the higher timeframes above me. Price is currently approaching the 7,620 area, which in my view represents an area of interest for buyers. Their absence from this area could easily cause the price to move sharply lower. As of Friday, the price reacted to the demand zone around 7,620, but the reaction was not significant enough. A breakout above the 7,730 area would, in my view, confirm that buyers have strongly regained control and would further strengthen my intention to look for additional long opportunities on the medium-term timeframes.