Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Wednesday's action: The S&P 500 gained 10 points on Wednesday, as moderating inflation and assurance from central banks to keep rates on hold provided the broader market some support.News to keep in mind Thursday morning: Futures trade vs fair value were nearly unchanged late last night.The biggest factors in the market right now are; Global Economy, China trade talks, Fed speak, and the US Treasury markets.Keep an eye on the VIX - The Vix is still down in the teens. This is a 'risk-on'level. Today's Economic Calendar: 08:30 Initial Claims 04/0608:30 Continuing Claims 03/3008:30 PPI Mar08:30 Core PPI Mar10:30 EIA Natural Gas InventoriesQuick Notes: $LYFTLyft shares continue to drop and we still have the lockup period ending to look forward to when the insiders are allowed to sell. Avoid this. Those who bought the IPO are all under water and drowning!THE CHARTS: The markets were higher on Wednesday. We are now above the SPY 285 level, which is now minor support. The 20-day, 50-day and 200-day MAs are all rising. This is a good sign for the market technically when the moving averages are all headed in an upward sloping direction. The MACD is positive. The Stochastics are overbought. The Money Flow is positive. NOTE: Due to the Stochastics being overbought, we could have short-term pullback/consolidation, but it should be bought as the MACD, the Money Flow, and other technicals are all positive. Once the stochastics are no longer showing overbought I expect the uptrend to continue. The 50-day MA (278.17)(+.52) and the 200-day MA (273.27)(+.08) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now IS the support level at 280 with the next area of resistance at 290. Above that is the all-time high. Nasdaq Composite +20.0% YTDRussell 2000 +17.3% YTDS&P 500 +15.2% YTDDow Jones Industrial Average +12.1% YTD$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.