Brief Recap and Updates on the MarketsSPY Charts and some Technical AnalysisIn Friday's action:Stocks rose ignoring the start of the trade war between the U.S. and China. The June Employment Report (actual 213K; vs consensus 195K) beat expectations giving the market a reason to rally.News to keep in mind Monday morning: Markets are higher in pre-market tradingAt 7:50am ET - Dow futures vs fair value: +116.00. S&P futures vs fair value: +11.75. Nasdaq futures vs fair value: +34.00.The VIX is down over 1% in pre-market tradingKeep an eye out for any trade war headlinesToday's Economic Calendar 9:10 Fed's Kashkari speech12:30 PM TD Ameritrade IMX3:00 PM Consumer CreditThe SPY charts are pictured below. The first is a 3-month chart followed by a longer-term 9-month chart. We have broken back above the 273 level which will now become support. The MACD lines are neutral and are set to start rising. The Stochastics have been rising but not yet overbought. The Money flow is currently a neutral for the markets. This mornings pre-market activity points to a higher open. The market has ignored the trade war news for now. We still see resistance at 278 on the upside. We will continue to use some caution buying the dips and also selling the rips.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.Nasdaq Composite +11.4% YTDRussell 2000 +10.3% YTDS&P 500 +3.2% YTDDow Jones Industrial Average -1.1% 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.