A quick midday tech chart look today as the markets are down on Turkey contagion fears.The SPY charts are pictured below. The first is a 4-month chart followed by a longer-term 9-month chart. The markets are down today on news Turkey wants to fight back with tariffs of their own. We did hold and bounce off the very strong support level at 280. The MACD lines are negative. The Stochastics are near oversold. The Money Flow is currently neutral. The 200-day moving average is looking strong and steady. Looks like the 280 level will hold and we will be in a 280-284 trading range. I think the market's reaction to the Turkey news may become another buy the dip opportunity. We are expecting the trend of higher lows and higher highs since April to continue. On dips or pullbacks, 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, a nice channel featuring higher lows since April has been shown. At worst we expect any pullbacks will not break the channel's lows. Next resistance level is 284 and then the all-time highs near 287. Very strong support remains at 280.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.