By Mike Paulenoff Feb 20, 2019 - 2:44 PM ESTES (S&P 500 E-mini futures)-- just ahead of the FOMC Minutes, ES was trading at 2785.50. In reaction to the headlines, ES popped to a new, post-December rally high at 2790.75, then pivoted to the downside and nosedived to 2773.75 before climbing to where it is now, around 2784.00. Bottom Line: although the new high did not sustain, the ensuing weakness has NOT inflicted any damage to the near term bullish pattern that exhibits a series of high-highs and higher-lows off of the most recent significant corrective low either from 2/14/19 at 2729, or from 2/08/19 at 2680.75. Next target is 2792/95. Only a rollover and break of 2773.00 will begin to inflict some technical damage.. Last is 2785...$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.