Brief Recap and Updates on the MarketsSPY Charts and some Technical AnalysisIn Monday's action:Stocks ended mixed with the Dow up a bit higher on Monday and the Nasdaq slightly lower. News to keep in mind Tuesday morning: Markets are lower in pre-market tradingAt 8:15am ET - Dow futures vs fair value: -18.00. S&P futures vs fair value: -6.00. Nasdaq futures vs fair value: -49.00.The VIX is up 1% in pre-market tradingKeep an eye out for any trade war headlinesNasdaq weak this morning after Netflix missed subscriber growth estimatesToday's Economic Calendar 8:55 Redbook Chain Store Sales9:15 Industrial Production10:00 Powell to deliver semi-annual monetary policy testimony10:00 NAHB Housing Market Index4:00 PM Treasury International CapitalThe SPY charts are pictured below. The first is a 3-month chart followed by a longer-term 9-month chart. We broke back above the 278 level last week, with the pre-market futures currently lower we may test that level again, but as support. The next level of resistance is at 280. The MACD lines crossed up and are positive. The Stochastics are now showing overbought. The Money flow is currently a positive for the markets. This morning's pre-market activity points to a lower open. The Stochastics are showing overbought, but the positive moves of the MACD and Money Flow show strong market momentum. At worst, I expect the SPY to stay in the 273-280 trading range. On the next dip/pullback, we may look to add to some positions while keeping an eye out on the trade wars and politics headline risks.In the longer term chart, we are still marking a trading range of 270-280. We would add to positions at the bottom of this range or take some profits at the top of this range. Note: A break out above 280 would be very significant.Nasdaq Composite +13.1% YTDRussell 2000 +9.3% YTDS&P 500 +4.7% YTDDow Jones Industrial Average +1.4% YTDDisclosure: 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. With our Daily Trackdowns, additional analysis/observations during the trading day in the comments by us or our readers.