Brief Recap and Updates on the MarketsSPY Chart and some Technical AnalysisThe markets had a big down day on sell the earnings news and the 10-yr yield touching 3%.NOTE to my Readers: I am traveling the next few days and may not be able to post.On the SPY chart below it is important to note the SPY broke back below and closed below its 50-day MA. The MACD lines are now headed downwards. The Stochastics are declining. The Chaikin is showing money flow still leaving the markets. We are still under a two-headed monster, and I expect volatility to remain elevated. We will continue to use caution buying dips and also selling the rips. The MACD is turning negative with the Stochastics declining. Money flow is still leaving the market. My last trading range was broken to the downside, next downward support would be the 200-day moving average. NOTE: Looking out, the 200-day MA is rising while the 50-day was falling, this could lead to the dreaded 'death cross' where the 50-day crosses below the 200-day.Nasdaq Composite: +1.5% YTDRussell 2000: +1.2% YTDS&P 500: -1.5% YTDDow Jones Industrial Average: -2.8% 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, we may add additional analysis/observations during the trading day in the comments.