Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Tuesday's action: The S&P 500 gained 2 points on Tuesday after being down following a key revenue miss from Alphabet (GOOG 1188.48, -99.10, -7.7%). Investors bought the intraday dip to help the S&P 500 index set a new closing high. News to keep in mind Wednesday morning: Futures trade vs fair value were higher late last night. Dow +98, S&P +11, Nasdaq +61, Russell +5.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 down in the low teens. This is a 'risk-on' level.Apple and AMD beat with their earnings Tuesday night, tech will have buying interest today.FULL Economic Calendar today - look for any reactions to the numbers/data. Today's Economic Calendar: 7:00 MBA Mortgage Applications8:15 ADP Jobs Report8:30 Treasury Refunding Quarterly Announcement9:45 PMI Manufacturing Index10:00 ISM Manufacturing Index10:00 Construction Spending10:30 EIA Petroleum Inventories2:00 PM FOMC Announcement2:00 PM Chairman Press Conference Quick Notes: (none) THE CHARTS: The markets were mixed on Tuesday with the Dow a bit positive, but the Nasdaq down due to Google's decline. We have stayed above the SPY 280 level and the 290 levels, which have become support. Being above the all-time high now, there is no fixed point of resistance above us. The 20-day, 50-day and 200-day MAs are all 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 positive. The Stochastics are overbought. The Money Flow is positive.NOTE: Due to the Stochastics being overbought, we could have short-term pullbacks, but currently they should be bought as the MACD, the Money Flow, and other technicals are all positive. Once the stochastics are no longer showing overbought I expect the uptrend to continue. The 50-day MA (283.46)(+.35) and the 200-day MA (274.68)(+.10) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now is the support levels at 280 and 290. We are now right at the area of the all-time highs. Nasdaq Composite +22.0% YTDRussell 2000 +18.0% YTDS&P 500 +17.5% YTDDow Jones Industrial Average +14.0% 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.