Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Monday's action: The stock market closes mixed in tight-ranged session with a lack of conviction following big gains so far in June. The S&P 500 lost 5 points as traders are cautious ahead of the G-20 summit that takes place at the end of the week. News to keep in mind Tuesday morning: Futures trade vs fair value were slightly lower late last night... Dow -11, S&P -4, Nasdaq -17, 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 which is in the 'risk on' area.CHINA TRADE WAR is still an ongoing concern. (see Quick Notes). Today's Economic Calendar: 09:00 FHFA Housing Price Index Apr09:00 S&P Case-Shiller Home Price Index Apr10:00 Consumer Confidence Jun10:00 New Home Sales MayQuick Notes: The G-20 summit will take place at the end of the week, which will feature an extended meeting between President Trump and President Xi. Will anything happen? So far little chance of a deal. Maybe we will be surprised, or maybe they will throw punches!? 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 mixed and slightly lower on Monday. On the charts, we have jumped over the resistance point at 290 and above the 'Bull Flag' formation. The current setup looks like we are going to continue upwards after a pause. 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 up at an overbought level. The MACD is positive. The Stochastics are high/overbought. The Money Flow is slightly positive. The 50-day MA (286.45)(+.14) and the 200-day MA (274.59)(+.05) 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, which is now being considered support as well. Nasdaq Composite +20.7% YTDS&P 500 +17.5% YTDRussell 2000 +13.5% YTDDow Jones Industrial Average +14.6% 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.