Brief Recap and Updates on the MarketsSPY Chart and some Technical AnalysisIn Friday's action:Stocks were mixed with the Dow gaining 119 points while the Nasdaq dropped 20 points.News to keep in mind Monday morning: Markets are lower in pre-market trading - trade war news leading the negative biasAt 8:45am ET - Dow futures vs fair value: -152.00. S&P futures vs fair value: -11.50. Nasdaq futures vs fair value: -52.00.Watch out for any headline risk about trade war news or politicsThe VIX is UP over 8% in pre-market tradingStarting the week off with these headlines:Trump plans to bar China from investing in US tech firms and block more tech exports Dow is set for another rocky start as Trump ratchets up trade tensions again Trump issues challenge to trading partners: Bring down barriers or face 'reciprocity' Today's Economic Calendar 8:30 Chicago Fed National Activity Index10:00 New Home Sales10:30 Dallas Fed Manufacturing SurveyThe SPY charts are pictured below. The first is a 3-month chart followed by a longer-term 9-month chart. We have remained above my short-term support level at 273 and then retreated away from my 278 resistance level. Stock prices may stay in this range until some catalyst breaks us one way or the other. The MACD lines are sightly negative after a cross down. The Stochastics are neutral and headed downwards. The Money flow is currently a slight positive for the markets. We are continuing to use caution buying the dips and also selling the rips. The break out above 273 was a significant move as was the reversal at 278. With Monday mornings trade war headlines and lower futures in pre-markets we may test the 273 support area. I am still looking for the SPY to stay in range. * -- Note: In the last 2-3 weeks the volume has been greater on the down days. -- *In the longer term chart, we are now marking a trading range of 270-280. A break above or below could be significant.Nasdaq Composite +11.4% YTDRussell 2000 +9.8% YTDS&P 500 +3.0% YTDDow Jones Industrial Average -0.6% 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.