Yet Another Missed Opportunity by the Bears to Inflict Near Term Technical Damage

ES-- after two 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