Yet Another Missed Opportunity by the Bears to Inflict Near Term Technical Damage Friday April 26th, 2019 by Mike Paulenoff ES (S&P E-mini futures) -- after a few hours of trading, and multiple swings between 2919 and 2933, it appears that all of the action off of Tuesday's high at 2939.75 has carved out a 4 day Bullish Coil pattern that is pushing up against the upper Coil boundary line as we speak. The fact that every bout of weakness has held above the Weekly Pivot, and the fact that today is Friday, suggest strongly that an inability of the bears to gain and sustain any downside traction is about to relent to another bull run that should propel ES to new all-time highs above 2947.00... At this juncture, only a decline that breaks 2919.25 will wreck the developing near term bullish set up... Last is 2933.25 $SPY $QQQ $DIA 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.