Everything and the Kitchen Sink Deployed to Keep ES Bouyant into Quarter EndFriday March 29th, 2019 by Mike Paulenoff ES (S&P 500 E-mini futures) heading into the final hour of trading on this Friday to end March and Q1, we see ES up 16-17 points amid near-zero two-way price action. All the bullish forces are aligned today to keep the equity indices buoyant to help and to ensure a big gain into quarter-end... jawboning about a promising trade deal with China... Administration officials pressuring the Fed to lower interest rates 50 bps... a 21% premium on the open of the LYFT IPO... algo headline-seeking buy programs... et al. Raise your hand if you are really glad you are not Jay Powell... As for ES, although it took out the prior high for the week at 2835.00 this morning, finally emerging to the upside from its 40 point week-long range, the upside follow-through to 2840 certainly seems to be a big disappointment technically. Add to the sluggish follow-through all of the positive news, end of quarter shenanigans, and Kudlow's intervention, and we might just come the conclusion that ES is struggling up here. That said, barring a decline that breaks 2825-2822 nearest term support, we should not expect selling to erupt before today's end-month, end-quarter close... Last is 2835.00/25 $SPY $DIA $QQQ Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.