Brief Recap and Updates on the MarketsSPY Chart and some Technical AnalysisStocks declined Friday as the U.S. 10-Yr Treasury yield rose to 2.958% and shares of Apple declined by over 4%. The S&P 500 dropped below its 50-day moving average.News to keep in mind Monday morning: Markets are slightly higher on all the averages in pre-market trading.At 8:30am EST - Dow futures vs fair value: +39.00. S&P futures vs fair value: +7.00. Nasdaq futures vs fair value: +25.00.The 10-year Treasury yield is nearing the 3%, a level it has not topped in over four years.Today's Economic Calendar 8:30 Chicago Fed National Activity Index9:45 PMI Composite Flash10:00 Existing Home SalesOn 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 flat after a positive cross. 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 positive, but Stochastics are declining with money flow still leaving the market. I am using a tight trading range with 271.00 the resistance and 265.00 the support. If you look at last weeks volume, it is important to realize the volume was light on the up days and heavier on the down days. 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.In the longer term chart we are in a declining triangle.Nasdaq Composite: +3.5% YTDRussell 2000: +1.9% YTDS&P 500: -0.1% YTDDow Jones Industrial Average: -1.0% 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.