Brief Recap and Updates on the MarketsSPY Charts and some Technical AnalysisIn Monday's action: Stocks closed higher as a pair of billion-dollar deals reaffirmed confidence that the U.S. economy continues its steady growth. News to keep in mind Tuesday morning: Markets are slightly higher in pre-market tradingAt 7:50am ET - Dow futures vs fair value: +56.00. S&P futures vs fair value: +5.50. Nasdaq futures vs fair value: +24.75. Russell 2000 futures vs fair value: +1.25.The VIX is down about 1% in pre-market tradingKeep an eye out for any trade war headlines and earnings reportsToday's Economic Calendar 8:55 Redbook Chain Store SalesThe SPY charts are pictured below. The first is a 4-month chart followed by a longer-term 9-month chart. The markets were higher on Monday as the SPY continued its momentum higher. The MACD lines are neutral. The Stochastics are neutral. The Money Flow is currently a slight positive. The 200-day moving average is looking strong and steady. We started the week over the 284 level, which now may now become support. The next resistance level is at the all-time highs near 287. We are expecting the trend of higher lows and higher highs since April to continue. On dips or pullbacks, we may look to add to some positions while keeping an eye out on the trade wars and politics headline risks.In the longer term chart, a nice channel featuring higher lows since April has been shown. At worst we expect any pullbacks will not break the channel's lows. Next resistance level is the all-time highs near 287. Very strong support remains at 280.Nasdaq Composite +13.3% YTDRussell 2000 +10.6% YTDS&P 500 +6.9% YTDDow Jones Industrial Average +4.2% 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, additional analysis/observations during the trading day in the comments by us or our readers.