Brief Recap and Updates on the MarketsSPY Charts and some Technical AnalysisIn Monday's action: The S&P 500 gained 18 points on Monday with the major indices overcoming a sluggish start to finish higher. The "Fear of missing out" contributing to steady, but modest, advance. News to keep in mind Tuesday morning: Futures trade vs fair value were a bit lower late last night - Dow -23, S&P -4, Nasdaq -24, Russell +0.The China trade war news and Fed watching are still the 2 biggest issues currently to keep an eye on.Keep an eye on the VIX - The Vix has been dropping and is now under 16. If it can stay there or below for a long time it will invite the bulls to come out and buy stocks. "Risk being back on."We are staying above the 50-day moving average on the S&P 500 - This level is now strong support.Today's Economic Calendar: 8:55 Redbook Chain Store Sales9:45 PMI Services Index10:00 ISM Non-Manufacturing Index1:00 PM Results of $38B, 3-Year Note AuctionQuick Notes: $CLX $SYY $ULTI Some story stocks from Monday included; Clorox (CLX 158.38, +8.52, +5.7%) and Sysco (SYY 66.64, +3.07, +4.8%), both who beat earnings estimates. Also, Ultimate Software (ULTI 332.54, +54.71) gained 19.7% after the company received a cash buyout offer led by private equity firm Hellman & Friedman for $11 billion, or $331.50/share. THE CHARTS: The markets were up nicely on Monday with the S&P closing above the 200-day moving average. This is good for the bulls. The 50-day moving average also for the first time in a long time has changed to a upward slope! Very slightly up, but we will take it. A very good sign for the market technically when the moving averages are all headed in an upward direction. The MACD is positive. The Stochastics are neutral/high. The Money Flow is positive. On the 9-month chart below, the previous patterns are behind us. Shown now is the resistance level/top at 280. Support is found at 260. Getting back into a trading range is now ongoing.Russell 2000 +12.5% YTDNasdaq Composite 10.7% YTDS&P 500 +8.7% YTDDow Jones Industrial Average +8.2% YTD NOTICE: The Russell 2000 (IWM) is leading the market higher so far this year, outperforming the larger averages. $SPY $DIA $IWM $QQQ 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. With our Daily Trackdowns, additional analysis/observations during the trading day in the comments by us or our readers.