Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Monday's action: The stock market followed Friday's strong close to the first quarter with an even stronger start to the second quarter. The S&P 500 gained 32 points to a new high for the year.News to keep in mind Tuesday morning: After the big advance over the last 2 trading days - a pause maybe needed / or not.Futures trade vs fair value were slightly lower late last night - Dow -35, S&P -5, Nasdaq -15 Russell -3.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 Vix is now down in the 13s. This is a 'risk-on' level.Today's Economic Calendar: 8:30 Durable Goods8:55 Redbook Chain Store SalesQuick Notes: (none)THE CHARTS: The markets were higher on Monday. We are now well above the SPY 280 level, which now becomes support. The 285 Top line is now where the next fight will take place. Both the 50-day and 200-day MAs are rising. This is a good sign for the market technically when the moving averages are all headed in an upward sloping direction. The MACD is neutral - and appears to be trying to make a cross upwards. The Stochastics are neutral. The Money Flow is a slight positive. We have finally broken out to the upside over the last 2 days, now the test in will we hold it? The 50-day MA (274.74)(+.48) and the 200-day MA (272.73)(+.09) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now IS the support level at 280. Next support level is the 200-day moving average near 272.75 and the next area of resistance to fight is at 285. Nasdaq Composite +18.0% YTDRussell 2000 +15.4% YTDS&P 500 +14.4% YTDDow Jones Industrial Average +12.6% 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.