Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Friday's action: The stock market finished just a bit lower on a quadruple-witching expiration Friday, as it took a breather after a good run this week. The S&P 500 lost 3 points as easier monetary policy expectations continue to support the broad market. News to keep in mind Monday morning: Futures trade vs fair value were slightly higher late last night... Dow +35, S&P +5, Nasdaq +29, Russell +2.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 CBOE Volatility Index is back down in the mid-teens.CHINA TRADE WAR is still an ongoing concern. Today's Economic Calendar: 8:30 am Chicago Fed national activity MayQuick Notes: (none)THE CHARTS: (NOTE: Charts are a good guide but when a tweet or news item can jerk the markets around, they mean a bit less.) The markets were slightly lower on Friday, a day after making new all-time highs. On the charts, we have jumped over the resistance point at 290. The 'Bull Flag' pattern worked out as we jumped above it! The current setup looks like we are going to continue upwards. We now mark the 290 level as support. We have no established resistance as we are at the all-time highs. But some consolidation is possible as the Stochastics are nearing overbought. The MACD is positive. The Stochastics are high/overbought. The Money Flow is positive. The 50-day MA (286.31)(+.) and the 200-day MA (274.54)(+.) On the 9-month chart below, the previous patterns are behind us. Shown now is the strong support level at 280 and the prior resistance at 290. The question now is will we stay above 290 long enough for it to become support? So far we are going with yes. Nasdaq Composite +21.1% YTDS&P 500 +17.7% YTDRussell 2000 +14.9% YTDDow Jones Industrial Average +14.5% 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.